Cisco still has 17 business days left before the end of its fiscal fourth quarter and already investment pundits are forecasting bumper results. Georges Yared, writing in BloggingStocks says:
I estimate the fiscal year fourth quarter ending July 31, for revenues of $9.28 billion and earnings per share of $.35. With these results, Cisco would have earned $1.33 per share for fiscal year 2007 ending July 31st. For fiscal year July 31 2008, I believe Cisco will earn $1.60-1.65 on revenues just over $40 billion, up from $34 billion this fiscal year. Bottom line is Cisco is back !!
He adds:
The emerging markets division of Cisco, which include India and China, can see revenue growth of 35-50% for the foreseeable future. Broadband access is critical to emerging economies and Cisco is the best positioned company to handle that vital need.
This is vastly different from cautionary notes issued by financial researchers concerning Cisco’s fiscal third quarter, which warned of sluggish sales in both its enterprise and service provider businesses, but Cisco ended up posting a strong quarter and profit despite the hiccup.
Can Cisco not be stopped?
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