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Cisco Set To Report On Wednesday

By Parke Shall

Cisco (CSCO) is set to report on Wednesday of this week, after market closes. Cisco is a California-based company which sells, manufactures, and designs networking equipment. Cisco is in the middle of an industry that is shifting to software defined networking.

Though not yet near its highs that its posted over the last 10 years, Cisco has had a good run of form over the last year, gaining 23.9% versus the 16.6% that the S&P has posted in the same timeframe.

CSCO data by YCharts

For the upcoming report, consensus is for revenue of $11.8B and EPS of $0.51.

Last quarter, the company beat but failed to guide to the street's liking. The company's conference call at 4:30 on the 11th is likely to feature the company's upcoming guidance, which should be the key to which way the stock moves on Thursday.

Cisco has been pushing software,… Read More …