Is Cisco an Undervalued Dividend Stock After Its Q1 Earnings Beat?

Cisco's (NASDAQ: CSCO) stock recently popped after the networking hardware and software leader posted its first-quarter numbers.

Its revenue declined 9% year over year to $11.9 billion, beating estimates by $80 million but marking its fourth straight quarter of declining sales. Its adjusted net income fell 11% to $3.2 billion, or $0.76 per share, but also topped expectations by six cents.

For the second quarter, Cisco expects its revenue to decline 0%-2% and for its adjusted earnings to dip 1%-4%. Analysts had expected its revenue and adjusted earnings to decline by 3% and 5%, respectively.

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Source Fool.com