Cisco (CSCO) Misses Earnings Estimates

While Cisco has missed Wall Streets expectations it is the top line revenue number that reveals a slowing revenue growth. Cisco failed to deliver the significant growth the market was hoping for.

Cisco Systems Inc Reports Q4 $0.43 v $0.42e, R $10.84B v $10.9Be

- Q4 Gross Margin 62.7% v 64% y/y and 63.9% q/q (calculated)
- Q4 Non-GAAP inventory turns 12.1 v 11.3 y/y v 11.1 q/q
- Q4 Service sales $2.03B v $1.8B y/y
- Q4 Cash Flow from operations $3.2B v $3.0B q/q and $2.0B y/y

Cisco Systems Inc Guides Q1 Rev 18-20% y/y (implies R$10.6B-10.8B v $10.9Be)

Cisco guidance for the next quarter is also down from the previous quarters guidance.

From May 12, 2010:   Cisco Systems Inc Guides Q4 Rev +25-28% y/y

Cisco stock price action following today’s  earnings announcement

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