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
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
These days, the healthcare stocks are looking pretty healthy compared to stocks in other spaces. Despite political pressures about lowering ...
-
These three dividend aristocrats have beaten the market during the three most recent pullbacks. They've also outperformed in 2019. There...
-
Nothing makes life easier for an investor than finding the kind of stocks where you can park money for a long, long time, trusting that they...
-
As the sun sinks on another summer and Labor Day taunts with the pitiful proposition of just 24 hours less work, it stands to reason that so...
-
The past decade has rewarded investors with remarkable returns, but investors might not want to underestimate the odds that an economic rece...
-
In Five High-Dividend Stocks You Should Watch, we discussed five dividend stocks, including MLPs, trading at yields above 11%. In this artic...
-
A High-Yield Stock Investors Can Count on. Considering that most dividend stocks pay less than four percent, a 6.2% annual yield should alre...
-
This company released Q2-2019 results recently. The results beat both revenue and earnings estimates. It reported decreasing earnings on the...
-
Conservative investors should adopt the same precautions toward monthly dividend stocks as you would any income-generating investment. For i...
-
Whether it’s through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But fo...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.