Cisco earnings after the close. What are analysts expecting

Cisco Systems is scheduled to announce its third-quarter fiscal 2023 results after the close

• The company projects a year-over-year revenue increase of 11-13% for the quarter.
• Analysts estimate revenues of $14.39 billion, a 12.1% increase from the prior year.
• The consensus estimate for earnings Earnings A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price Read this Term is 97 cents per share, representing an 11.49% increase from the previous year.

Cisco's results are expected to benefit from easing supply chain constraints and strong demand for various solutions, including Catalyst 9000, Wireless, and Meraki.

The availability of Microsoft Teams on Cisco meeting room devices is likely to drive demand.

Cisco shares are trading at $47.55 up $0.66 or 1.41% (closed at $47.61). The price closed the year at $47.64, little changed from the current levels. The price moved back above its 200-day on Monday at $46.81. The 100-day moving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term is at $48.56.