Global Technology Leader Cisco Beats Analysts Predictions & “Positioned” For Trade War

By John Heerdink LinkedIn

Recently global technology leader Cisco Systems, Inc. (CSCO) reported that its total revenue rose approx. 4 percent to $12.96 billion, beating analyst’s expectation of $12.89 billion.  Cisco also earned 78 cents/share beating expectations of 77 cents/share.

Forward-looking, Cisco added that they have minimal sales exposure in China and that altering its supply chain has helped the technology giant to curb the effects of the trade war. The company expressed it has been working for 6 months to modify its supply chain and has been gearing up to face any trade disputes, as reported.

Chief Financial Officer Kelly Kramer, Cisco informed that only 3 percent of the company’s sales come from China, in addition, she stated “We still have products that are being tariffed, but we are reducing the size of that pie. We can take some pricing actions to account for the cost.” as per reports.

Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol-based networking and other communications technology. To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners!

week6(15)

Cisco beats earnings target, says has cushioned supply chain from tariffs

The United States raised tariffs on $200 billion worth of Chinese imports to 25% last week, prompting China to increase duties on $60 billion of U.S. goods in retaliation on Monday. Analysts have been worried about the impact of the trade war on Cisco’s traditional business of selling switches and..

in.finance.yahoo.com

Read Full Article


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us