- Reports Q4 2020 results on Wednesday, Aug. 12, after the close
- Revenue expectation: $12.09 billion
- EPS expectation: $0.74
Looking at the share price of Cisco Systems (NASDAQ:CSCO), it's obvious that investors don't expect a huge surprise in the company's latest earnings report due today.
The world's biggest maker of routers has set a low bar for its final quarter of fiscal 2020, projecting its first annual sales decline in three years, hurt by the economic uncertainty amid the coronavirus pandemic.
The company, based in San Jose, California, is considered a proxy for corporate high-tech hardware demand. It's expected to make between $0.72 to $0.74 a share adjusted profit in the final quarter, with revenue declining 8.5% to 11.5%.
These subdued expectations have hit Cisco shares hard: they've dropped about 19% since reaching a multi-year high of $58.19 in July of last year, closing yesterday at $47.19. But despite these headwinds, we still believe Cisco stock is a good value play for long-term investors and could be a bet worth taking.
Cisco Systems 1-Year Chart.