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Last Update: 09-Feb-12 10:11 ET
Cisco Down 2.4% On Earnings/Guidance Results Released Late Yesterday
After the close yesterday, Cisco (CSCO $19.95 -0.48) reported second quarter earnings of $0.47 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.43; revenues rose 10.6% year/year to $11.5 bln vs the $11.23 bln consensus. During the second quarter of fiscal 2012, Cisco repurchased 26 million shares of common stock under the stock repurchase program at an average price of $17.84 per share for an aggregate purchase price of $466 million.
As of January 28, 2012, Cisco had repurchased and retired 3.6 billion shares of Cisco common stock at an average price of $20.47 per share for an aggregate purchase price of approximately $73.8 billion since the inception of the stock repurchase program. The remaining authorized amount for stock repurchases under this program is approximately $8.2 billion with no termination date.
During the second quarter of fiscal 2012, Cisco also paid a cash dividend of $0.06, or $322 million... Cisco also announced that on February 7, 2012 its Board of Directors declared a quarterly dividend of $0.08 per common share, a two-cent increase over the previous quarter's dividend, to be paid on April 25, 2012 to all shareholders of record as of the close of business on April 5, 2012. Future dividends will be subject to Board approval.
On conference call sees third quarter EPS of $0.45-0.47 vs $0.45 Capital IQ Consensus Estimate; sees Q3 Non-GAAP gross margins of 61.5-62.0%.
As of January 28, 2012, Cisco had repurchased and retired 3.6 billion shares of Cisco common stock at an average price of $20.47 per share for an aggregate purchase price of approximately $73.8 billion since the inception of the stock repurchase program. The remaining authorized amount for stock repurchases under this program is approximately $8.2 billion with no termination date.
During the second quarter of fiscal 2012, Cisco also paid a cash dividend of $0.06, or $322 million... Cisco also announced that on February 7, 2012 its Board of Directors declared a quarterly dividend of $0.08 per common share, a two-cent increase over the previous quarter's dividend, to be paid on April 25, 2012 to all shareholders of record as of the close of business on April 5, 2012. Future dividends will be subject to Board approval.
On conference call sees third quarter EPS of $0.45-0.47 vs $0.45 Capital IQ Consensus Estimate; sees Q3 Non-GAAP gross margins of 61.5-62.0%.
