Why did Cisco drop today?

Why did Cisco drop today?

Shares of Cisco fell on Thursday. The company projected an unexpected sales decline for the current quarter, citing supply chain issues tied in part to Covid-19 lockdowns in China. Cisco also reported third-quarter revenue that fell short of analysts’ estimates.

Will Cisco shares rise?

Stock Price Forecast

The 21 analysts offering 12-month price forecasts for Cisco Systems Inc have a median target of 54.00, with a high estimate of 65.00 and a low estimate of 44.00. The median estimate represents a +24.74% increase from the last price of 43.29.

What is Cisco’s fiscal year 2022?

CISCO REPORTS FOURTH QUARTER AND FISCAL YEAR 2022 EARNINGS. News Summary : Cisco ended fiscal 2022 with Q4 revenue at $13.1 billion, flat year over year and fiscal year revenue of $51.6 billion, up 3% year over year. Strong demand with record full year product orders and backlog.

What is new Cisco?

News summary
Company unveils the industry’s first high-end Wi-Fi 6E access points, Private 5G for the enterprise as a managed service, and new high-powered Catalyst 9000X series switches with Cisco Silicon One to deliver top speeds and performance with the security needed for hybrid work.

Is Cisco a buy sell or hold?

The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change.
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Momentum Scorecard. More Info.

Is Cisco overvalued?

(For more, see also: Cisco Is Overvalued, Don’t Believe the Bulls.) Shares of Cisco have jumped in 2018, after posting strong results on February 14, and beating analysts earnings estimates by 6.51%.

Is Cisco a buy hold or sell?

Which products contributes the most to Cisco revenues?

The majority of Cisco’s revenue comes from Infrastructure Platforms and Services Segment.

Is financial year and fiscal year same?

In India, this 1 year period starts from 1st April and ends on 31st March. This period in which the income is earned is known as the Financial Year or Fiscal Year. The income tax returns are filed and taxes for a company are usually paid in the next year after the end of the Financial Year.

Who is Cisco’s biggest competitor?

Top Cisco Alternatives

• Juniper.
• Huawei.
• Arista Networks.
• Dell Technologies.
• VMware.
• HPE (Aruba)
• Extreme Networks.
• NETGEAR.

What is Cisco’s most popular product?

The “Infrastructure Platforms” segment is by far Cisco’s largest, generating around 27.1 billion U.S. dollars in the company’s 2021 fiscal year. Cisco’s “Infrastructure Platforms” segment includes its networking technologies products such as switching, routing, wireless, and data center products.

What is Cisco’s price target?

Stock Price Targets

What part of Cisco has the most employees?

San Jose
Most Common Cisco Locations

Where does Cisco make its money?

The majority of Cisco’s revenue comes from Infrastructure Platforms and Services Segment. Cisco’s revenue declined 9.3% year-on-year from $13.15 billion in Q1 2020 to $11.93 billion in Q1 2021.

Why is financial year on 31st March?

In the many regional calenders like the Hindu calendar etc, the New Year starts in the month of April and this may be a reason why the govt also thought of starting the financial year in the month of April itself. Moreover, the crop season in India also starts in April and ends in March.

What is a 12 month accounting period called?

The term “fiscal year-end” refers to the completion of any one-year or 12-month accounting period other than a typical calendar year. A fiscal year is often the period used for calculating annual financial statements.

Is Cisco losing market share?

Citi Sees More Downside Ahead. Cisco, which makes switches, routers and other network equipment, will continue to lose market share to rivals Arista Networks and Juniper Networks due to supply-chain issues, a Citi analyst said.

Is Cisco better than Google?

Cisco Systems is most highly rated for Compensation and benefits and Google is most highly rated for Culture.
Overall Rating.

Is Cisco still a market leader?

4-year Revenue Growth
While Cisco’s market share has eroded, it remains the market leader in enterprise network infrastructure with a share of 55.7% in 2021. In its latest earnings briefing, the company highlighted the shift towards the hybrid cloud as a growth catalyst for the company.

Does Cisco do layoff?

Cisco laid off at least 3,500 employees in 2020, or roughly 4% of its global workforce, Silicon Valley Business Journal reported. In an SEC filing, the company described the layoffs as part of a “restructuring plan” that it expected to save roughly $1 billion.

Is Cisco still popular?

Cisco has continued to be one of the world’s largest and most successful networking companies. The company’s growth of its product and services portfolio is primarily based on strong outside acquisitions to help Cisco achieve a prominent position in the cloud and software market.

What exactly does Cisco do?

Share: Cisco Systems is an IT and networking brand that specializes in switches, routers, cybersecurity, and IoT and whose logo seems to be on every office telephone or conference hardware.

What does FY22 mean in India?

Fiscal Year 2022
FY22 means the Recipient’s Fiscal Year 2022, commencing on July 1, 2021 and concluding on June 30, 2022. Sample 1. FY22 means the 12 month period ending on 30 June 2022.

Can I pay tax after 31 March?

Interest Applicable on Late Payment of Advance Tax
You are liable to pay advance tax before the end of the financial year in 4 deadlines: June 15, September 15, December 15 and March 15. If your advance tax is not paid according to schedule, then you will have to pay an interest on the late payment.

What does GAAP mean in accounting?

Generally Accepted Accounting Principles
Generally Accepted Accounting Principles (GAAP or US GAAP) are a collection of commonly-followed accounting rules and standards for financial reporting.