Cisco Systems, Inc. (CSCO) is scheduled to report its third-quarter results on May 15. Wall Street expects the company to post lower earnings and revenue than the prior-year quarter. In this piece, we examine the company’s fundamentals to see whether the stock could be a solid buy before its earnings or if investors should get rid of it.
For the third quarter, CSCO’s EPS and revenue are expected to decrease 18.7% and 13.4% year-over-year to $0.81 and $12.62 billion, respectively. Yet, the company has a stellar history, having beaten the consensus EPS and revenue estimates in each of the trailing four quarters.
