Cisco Systems, Inc. (CSCO) is scheduled to report its second-quarter results on February 14. Wall Street expects the company to post lower earnings and revenue over the prior-year quarter. In this piece, I have discussed why it could be wise to buy the stock now.
For the second quarter, CSCO’s EPS and revenue are expected to decrease 4.9% and 6.5% year-over-year to $0.84 and $12.70 billion, respectively. The company has a stellar earnings history, having beaten the consensus EPS estimate in each of the trailing four quarters.
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