Cisco (CSCO) Q4 Earnings Outlook: Revenue +7.5%, EPS Guidance $1.02/share

Cisco (NASDAQ:CSCO) reports results Wednesday after market close. For Q4, the company posted revenue of $14.88B, up 7.5% YoY, beating expectations by 0.8%. Next quarter guidance exceeds consensus: revenue expected to grow 8% YoY to $15.12B, and adjusted EPS is forecast at $1.02/share. The IT services & other tech sector lags 2.8% over the past month, while CSCO is up 17.2% and has averaged a price target of $87.19 versus its current $86.79 share price.