Shares of Cisco (NASDAQ:CSCO) recently rallied to a multi-year high after the company reported its second quarter earnings. Its revenue rose 7% annually to $12.4 billion (excluding the divestment of its service provider video business), beating estimates by $30 million. Its non-GAAP earnings climbed 16% to $0.73 per share, topping expectations by a penny.
1. Impressive revenue and earnings growth
Cisco was once considered a slow-growth tech stock. That changed over the past year as sales of its infrastructure platforms (routers, switches, and other hardware) rebounded on strong demand. 2. Stable gross and operating margins
Cisco's total non-GAAP gross margin fell 100 basis points annually to 64.1% during the quarter as its Product and Service gross margins both contracted. Its non-GAAP operating margin stayed flat at 32.1%. 3. Plenty of cash for shareholder-friendly moves. During the quarter Cisco spent $5 billion repurchasing 111 million shares at an average price of $45.09 per share. 4. It's still surprisingly cheap. Last but not least, Cisco's stock remains surprisingly cheap at 14 times forward earnings.
Source: Motley Fool
Related Articles:
- 5 Dividend Stocks With A 20% Yield In 20 Years
- 4 Industrial Strength Dividend Growth Stocks With Yields In Excess Of 2.7%
- Finding Low Risk Dividend Stocks
- 10 Fun Facts That You Might Not Know About Microsoft
- 5 Dividend Stocks To Beat The Wall Street Giants
4 Reasons to Buy Cisco After Its Solid Second Quarter
Posted by D4L | Friday, March 08, 2019 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
All seven equities on this list have dividend yields above 13%, but the highest one yields nearly 27%! In addition, each equity has a positi...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Dividend-payng semiconductor stocks to buy during a computer chip shortage for electric vehicles (EV), smartphones and other technology prod...
-
Dividend safety is especially important when stock prices are falling. Many companies cut their dividend payouts in 2020 during the coronavi...
-
Investors in retirement may desire additional income. Those who don’t have a pension are likely relying on Social Security, and their retire...
-
If you're looking for income, turning to your investment portfolio is a natural choice. Lately, that's been a tough assignment, beca...
-
Investing in dividend-paying stocks is a good way to generate fairly reliable income. However, that strategy doesn't necessarily mean yo...
-
The four dividend-paying retail technology stocks to buy towered over the rest at a BoA Global Research Consumer & Retail Technology C...
-
Sometimes, stocks are a bargain because the company's prospects are being overlooked, and sometimes, it's just the result of a broad...
-
High yields are often found in sectors that are out of favor, which is why you can get some pretty impressive dividends from the energy sect...

0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.