Cisco Systems, Inc.
 (CSCO)

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  • Wed, Feb. 10, 4:25 PM
    • Cisco (NASDAQ:CSCO) has used its FQ2 report to announce it's adding $15B to its buyback program, raising its available funds to $16.9B. That's good for repurchasing over 13% of shares at current levels.
    • The company has also hiked its quarterly dividend by $0.05/share (24%) to $0.26/share. That's good for a 4.6% forward yield. The next dividend is payable on April 27 to shareholders on record as of the April 6 close.
    • Product revenue rose 2% Y/Y in FQ2 to $9B, and services revenue 3% to $2.9B. Excluding the set-top business, Americas and EMEA revenue rose 1%, and Asia-Pac (under pressure in past quarters due to Chinese weakness) rose 11%.
    • Lifting EPS: GAAP operating expenses fell 7% Y/Y to $4.1B. $1.3B was spent on buybacks in FQ2. Cisco ended FQ2 with $60.4B in cash (just $3.9B in the U.S.) and $24.6B in debt.
    • Cisco has jumped to $24.46 after hours.
    • Cisco's earnings/guidance, earnings release
    • Update (6:31PM ET): Cisco stated on its earnings call product orders rose 2% Y/Y in FQ2, a slight slowdown from FQ1's 3%. Enterprise orders -2%, Commercial (SMBs) +4%, Service Provider +5%, Public Sector flat. Asia-Pac orders rose 17%, while Americas orders were flat and EMEA down 1%. Cisco is now up 7.3% after hours.
    | Wed, Feb. 10, 4:25 PM | 21 Comments
  • Nov. 18, 2015, 6:38 PM
    • Cisco (NASDAQ:CSCO) declares $0.21/share quarterly dividend, in line with previous.
    • Forward yield 3.1%
    • Payable Jan. 20; for shareholders of record Jan. 6; ex-div Jan. 4.
    | Nov. 18, 2015, 6:38 PM
  • Sep. 15, 2015, 5:01 PM
    • Cisco (NASDAQ:CSCO) declares $0.21/share quarterly dividend, in line with previous.
    • Forward yield 3.23%
    • Payable Oct. 21; for shareholders of record Oct. 5; ex-div Oct. 1.
    | Sep. 15, 2015, 5:01 PM | 2 Comments
  • May 28, 2015, 4:36 PM
    • Cisco (NASDAQ:CSCO) declares $0.21/share quarterly dividend, in line with previous.
    • Forward yield 2.86%
    • Payable July 22; for shareholders of record July 6; ex-div July 2.
    | May 28, 2015, 4:36 PM
  • Feb. 11, 2015, 4:20 PM
    • Cisco (NASDAQ:CSCO) uses its FQ2 report to state it's upping its quarterly dividend by $0.02 to $0.21/share; that's good for a 3.1% yield at current levels. The next dividend will be paid on April 22 to shareholders on record as of the April 2 close.
    • With the help of favorable comps - sales declined sharply a year ago - product revenue rose 8% Y/Y in FQ2 to $9.08B, a marked improvement from FQ1's flat growth and driving the revenue beat. Services revenue rose 5% to $2.86B.
    • Gross margin was 61.7%, down from 63.3% in FQ1 but up from 61.3% a year ago, and in-line with guidance of 61%-62%. GAAP operating expenses rose 4% to $4.47B; R&D totaled $1.53B, sales/marketing $2.31B, and G&A $490M.
    • $1.2B was spent on buybacks, up from FQ1's $1B. CC at 4:30PM ET, guidance should be provided.
    • CSCO +1.5% AH to $27.31.
    • FQ2 results, PR.
    | Feb. 11, 2015, 4:20 PM | 10 Comments
  • Dec. 18, 2014, 7:24 AM
    • Cisco (NASDAQ:CSCO) declares $0.19/share quarterly dividend, in line with previous.
    • Forward yield 2.83%
    • Payable Jan. 21; for shareholders of record Jan. 6; ex-div Jan. 2.
    | Dec. 18, 2014, 7:24 AM | 5 Comments
  • Aug. 27, 2014, 11:03 AM
    • Cisco Systems (NASDAQ:CSCO) declares $0.19/share quarterly dividend, in line with previous.
    • Forward yield 3.06%
    • Payable Oct. 22; for shareholders of record Oct. 2; ex-div Sept. 30.
    | Aug. 27, 2014, 11:03 AM | 1 Comment
  • Jun. 23, 2014, 6:16 AM
    • Cisco Systems (CSCO) declares $0.19/share quarterly dividend, in line with previous.
    • Forward yield 3.06%
    • Payable July 23; for shareholders of record July 7; ex-div July 2.
    | Jun. 23, 2014, 6:16 AM
  • Feb. 12, 2014, 4:29 PM
    • Cisco (CSCO) uses its FQ2 report to announce a $0.02/share increase in its quarterly dividend to $0.19/share. Shares now sport a 3.3% yield.
    • Cisco, which added $15B to its buyback three months ago, also says it bought back $4B worth of shares (over 3% of outstanding shares) in FQ2 at an average price of $21.73. $2B was spent on buybacks in FQ1, and $1.2B in FQ4.
    • Product revenue (drives future services revenue) fell 11% Y/Y to $8.4B Services revenue rose 3% to $2.7B and contributed to the revenue beat.
    • Gross margin was 61.3%, -100 bps but in-line with guidance of 61%-62%. Job cuts led opex to fall 6% Y/Y to $4.28B.
    • CSCO -0.4% AH. CC at 4:30PM ET, guidance should be provided.
    • FQ2 results, PR
    | Feb. 12, 2014, 4:29 PM | 6 Comments
  • Dec. 17, 2013, 4:18 PM
    • Cisco Systems, Inc. (CSCO) declares $0.17/share quarterly dividend, in line with previous.
    • Forward yield 3.25%
    • Payable Jan 22; for shareholders of record Jan 6; ex-div Jan 2.
    | Dec. 17, 2013, 4:18 PM
  • Sep. 3, 2013, 4:41 PM
    • Cisco Systems, Inc. (CSCO) declares $0.17/share quarterly dividend, in line with previous.
    • Forward yield 2.90%
    • Payable Oct. 23; for shareholders of record Oct. 3; ex-div Oct. 1.
    | Sep. 3, 2013, 4:41 PM
  • Jun. 4, 2013, 7:54 AM
    Cisco (CSCO) declares $0.17/share quarterly dividend, in line with previous. Forward yield 2.79% For shareholders of record July 03.Payable July 24.Ex-div date July 01. (PR)
    | Jun. 4, 2013, 7:54 AM
  • Nov. 15, 2012, 5:46 PM
    Cisco Systems, Inc. (CSCO) declares $0.14/share quarterly dividend, in line with previous. Forward yield 3.13%. For shareholders of record Nov. 29. Payable Dec. 19. Ex-div Nov. 27. (PR)
    | Nov. 15, 2012, 5:46 PM
Company Description
Cisco Systems Inc is engaged in designing, manufacturing and selling of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.