Cisco Systems earning estimates report feb 8, 2012

Cisco Systems earning estimates report feb 8, 2012 : Wall Street is high on Cisco Systems (CSCO), expecting it to report earnings that are up 22.6% from a year ago when it reports its second quarter earnings on Wednesday, February 8, 2012. The consensus estimate is 38 cents per share, up from earnings of 31 cents per share a year ago.

What to Expect:
The consensus estimate remains unchanged over the past month, but it has increased from three months ago when it was 36 cents. Analysts are projecting earnings of $1.57 per share for the fiscal year.

Revenue is projected to be 7.9% above the year-earlier total of $10.41 billion at $11.23 billion for the quarter. For the year, revenue is expected to come in at $45.83 billion.

Trends to Watch For:
Analyst Ratings:
The majority of analysts think investors should stand pat on Cisco, with 15 of 30 analysts rating it hold. Analyst sentiment has waned during the last three months.

Competitors:
Cisco Systems sells networking and communications products, and is engaged in the design, manufacturing, and sales of Internet Protocol-based consumer electronics. One of Cisco’s competitors in the communications equipment industry is Ericsson (ERIC). Other competitors in the information technology sector include: Hewlett-Packard (HPQ), Juniper Networks (JNPR), and Alcatel-Lucent (ALU).

Earnings estimates provided by Zacks.
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