Report
Ilya Kundozerov
EUR 147.86 For Business Accounts Only

Cisco Posts Quarterly Results Below Expectations; Issues Soft Guidance; Maintain $27 Fair Value

Cisco reported a disappointing start to its fiscal year due to a 12% decline in the company’s service provider segment. The overall weak top line performance was visible across most of categories except routing and security. Cisco’s management issued soft guidance for the next quarter as service provider segment weakness is expected to persist in the next quarter. Our narrow economic moat rating and fair value estimate of $27 are unchanged. Despite a modest 4% pullback in after-market action, th...
Underlying
Cisco Systems Inc.

Cisco Systems designs and sells a range of technologies that power the Internet. The company's business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. The company's products and technologies are grouped into the following categories: Infrastructure Platforms; Applications; Security and Other Products. In addition to its product offerings, the company provides a range of service offerings, including technical support services and other services. The company delivers its technologies through software and services. The company's customers include businesses of all sizes, public institutions, governments, and service providers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ilya Kundozerov

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