NEW YORK (AP) — Cisco Systems, the world's largest maker of computer networking equipment, is set to report fourth-quarter results after the market closes Wednesday, and analysts will be listening for hints about global demand.
Cisco had warned heading into its latest quarter, which ended in July, that global economic weakness would hold back its results. It's now expected to give a forecast for the quarter that just started.
Because Cisco's quarter ends a month later than most technology companies, it's often seen as a window into demand for the quarter.
Stuart Jeffrey at Nomura Securities said that while the economic environment has been challenging, that's already baked into expectations for Cisco's latest quarter.
Analysts polled by FactSet expect Cisco to report earnings of 45 cents per share, excluding items and the cost of stock-based compensation. That's in the middle of the company's own guidance of 44 cents to 46 cents.
Analysts expect revenue of $11.62 billion, slightly above the midpoint of the company's own estimate of $11.42 billion to $11.75 billion.
Cisco Systems Inc., usually provides an outlook for the new quarter. Analysts are expecting earnings of 46 cents per share on $11.67 billion in revenue.