Cisco (CSCO) Q1 Earnings Report Preview: What To Look For

Networking technology giant Cisco CSCO will be announcing earnings results this Wednesday after market hours. Here’s what you need to know.

Cisco beat analysts’ revenue expectations last quarter, reporting revenues of $15.35 billion, up 9.7% year on year. It was a strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a decent beat of analysts’ revenue estimates.

Is Cisco a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Cisco’s revenue to grow 9.9% year on year, slowing from the 11.4% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cisco has a history of exceeding Wall Street’s expectations.

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