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What Cisco's Earnings Mean for Mutual Fund Investors (CSCO)

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After the closing bell on Wednesday, Cisco (CSCO) released its second quarter financial results. Here’s what the results mean for mutual fund investors.

Inside CSCO’s Results

Earnings

The company reported earnings of $2.4 billion, or 46 cents per share, up from $1.4 billion, or 27 cents per share, last year. Excluding special items, earnings were 53 cents per share – above analysts’ view of 51 cents.

Revenue
Revenue increased to $11.94 billion from $11.16 billion last year. Analysts expected to see $11.80 billion in revenue.

Best Earnings Report in Years

Cisco released its best quarterly report in years on Wednesday afternoon, sending shares up 8% on Thursday morning. The company is positioning to become the main player in the “internet of things” world.

The company also announced a 10% increase to its quarterly dividend and now offers a dividend yield close to 3%. This stock may be a good choice for investors seeking a combination of income and growth.

Mutual Funds to Watch

Investors interested in CSCO may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to CSCO while remaining diversified. Investors interested in CSCO may also be interested in Microsoft (MSFT) or International Business Machines (IBM).

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Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

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Find out why $30 trillon is invested in mutual funds.


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Cisco Sysyems logo

What Cisco's Earnings Mean for Mutual Fund Investors (CSCO)

After the closing bell on Wednesday, Cisco (CSCO) released its second quarter financial results. Here’s what the results mean for mutual fund investors.

Inside CSCO’s Results

Earnings

The company reported earnings of $2.4 billion, or 46 cents per share, up from $1.4 billion, or 27 cents per share, last year. Excluding special items, earnings were 53 cents per share – above analysts’ view of 51 cents.

Revenue
Revenue increased to $11.94 billion from $11.16 billion last year. Analysts expected to see $11.80 billion in revenue.

Best Earnings Report in Years

Cisco released its best quarterly report in years on Wednesday afternoon, sending shares up 8% on Thursday morning. The company is positioning to become the main player in the “internet of things” world.

The company also announced a 10% increase to its quarterly dividend and now offers a dividend yield close to 3%. This stock may be a good choice for investors seeking a combination of income and growth.

Mutual Funds to Watch

Investors interested in CSCO may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to CSCO while remaining diversified. Investors interested in CSCO may also be interested in Microsoft (MSFT) or International Business Machines (IBM).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next