Shares of Cisco Systems (CSCO) are up 31 cents, or 1.8%, at $17.48 this afternoon heading into the company’s fiscal Q4 report, after the bell.
Analysts are estimating $11.62 billion in revenue and 45 cents EPS for the three-month period ending in July. That revenue estimate has come down from $11.65 billion at the end of July, and $11.91 billion back in January. The EPS estimate has come down from 46 cents at the end of July at 48 cents back in January.
Over the past week, sell-side research reports have ranged from very upbeat, with some upgrades of the stock, to rather downcast.
A note from Mizuho Securities’s Joanna Makris, who maintains a Buy rating on the shares, and a $20 price target, this morning offered her view that the company will “meet conservative expectations” for revenue last quarter basically flat with the quarter before it.
“Our checks show Cisco performing with more confidence in the marketplace” writes Makris. “We anticipate modest share gains in several growth segments.”
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