Business Summary
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers service provider video infrastructure, including set-top boxes, cable/telecommunications access products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising unified communications products, Web-based collaborative offerings, and telepresence systems; data center products, such as blade and rack servers, fabric interconnects, software, and server access virtualization solutions; security products, including network security, Web and email security, cloud Web security, advanced malware protection, and data center security, as well as network admission control and identity services; and other products, such as emerging technologies and other networking products. Further, the company offers wireless products consisting of wireless access points; network managed services; and standalone, switch-converged, and cloud managed solutions. Additionally, it provides technical support services and advanced services. The company serves businesses of various sizes, public institutions, telecommunications companies, other service providers, and individuals. Cisco Systems, Inc. was founded in 1984 and is headquartered in San Jose, California.
Valuation Measures
|
Market Cap |
144.54B |
|
Enterprise Value |
111.02B |
|
Trailing P/E |
16.51 |
|
Price/Sales (ttm) |
2.96 |
|
Price/Book (mrq) |
2.45 |
|
Enterprise Value/Revenue (ttm) |
2.28 |
|
Enterprise Value/EBITDA (ttm) |
8.22 |
Share Statistics
|
Avg Vol (3 month) |
24,103,400 |
|
Avg Vol (10 day) |
26,748,100 |
|
Shares Outstanding |
5.09B |
|
Float |
5.08B |
|
% Held by Insiders1 |
0.07% |
|
% Held by Institutions1 |
74.90% |
|
Shares Short (as of Nov 14, 2014) |
43.87M |
|
Return on Assets (ttm) |
6.70% |
|
Return on Equity (ttm) |
15.54% |
|
Fiscal Year Ends |
Jul-15 |
|
Most Recent Quarter (mrq) |
Apr-15 |
Estimates
|
Estimates |
Current Year |
Next Year |
|
Jul-15 |
Jul-15 |
| Earnings Est |
2.18 |
2.29 |
| Revenue Est |
48.96B |
51.01B |
Key Executives
|
0 |
Mr. John T. Chambers , 66 |
|
1 |
Exec. Chairman and Member of Acquisition Committee |
|
2 |
Mr. Gary B. Moore , 66 |
|
3 |
Pres and Chief Operating Officer |
|
4 |
Mr. Pankaj Patel , 61 |
|
5 |
Chief Devel. Officer and Exec. VP |
|
6 |
Mr. Robert W. Lloyd , 59 |
|
7 |
Pres of Devel. & Sales |
|
8 |
Mr. Charles H. Robbins , 49 |
|
9 |
Chief Exec. Officer, Sr. VP of Worldwide Field Operations and Director |
Income statement (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| Total Revenue |
46,061,000 |
48,607,000 |
47,142,000 |
| Cost of Revenue |
17,852,000 |
19,167,000 |
19,373,000 |
| Gross Profit |
28,209,000 |
29,440,000 |
27,769,000 |
| Operating Expenses |
5,488,000 |
5,942,000 |
6,294,000 |
| Research Development |
11,969,000 |
11,802,000 |
11,437,000 |
| Selling General and Administrative |
304,000 |
105,000 |
418,000 |
| Non Recurring |
383,000 |
395,000 |
275,000 |
| Others |
0 |
0 |
0 |
| Total Operating Expenses |
18,144,000 |
18,244,000 |
18,424,000 |
| Operating Income or Loss |
10,065,000 |
11,196,000 |
9,345,000 |
| Income from Continuing Operations |
|
|
|
| Total Other Income/Expenses Net |
690,000 |
614,000 |
934,000 |
| Earnings Before Interest And Taxes |
10,755,000 |
11,810,000 |
10,279,000 |
| Interest Expense |
596,000 |
583,000 |
564,000 |
| Income Before Tax |
10,159,000 |
11,227,000 |
9,715,000 |
| Income Tax Expense |
2,118,000 |
1,244,000 |
1,862,000 |
| Minority Interest |
- |
- |
- |
| Net Income From Continuing Ops |
8,041,000 |
9,983,000 |
7,853,000 |
| Non-recurring Events |
|
|
|
| Discontinued Operations |
- |
- |
- |
| Extraordinary Items |
- |
- |
- |
| Effect Of Accounting Changes |
- |
- |
- |
| Other Items |
- |
- |
- |
| Net Income |
8,041,000 |
9,983,000 |
7,853,000 |
| Preferred Stock And Other Adjustments |
- |
- |
- |
| Net Income Applicable To Common Shares |
8,041,000 |
9,983,000 |
7,853,000 |
Income statement (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| Total Revenue |
12,357,000 |
12,245,000 |
11,936,000 |
12,137,000 |
| Cost of Revenue |
4,952,000 |
4,912,000 |
4,846,000 |
4,612,000 |
| Gross Profit |
7,405,000 |
7,333,000 |
7,090,000 |
7,525,000 |
| Operating Expenses |
|
|
|
|
| Research Development |
1,593,000 |
1,583,000 |
1,529,000 |
1,547,000 |
| Selling General and Administrative |
2,981,000 |
3,019,000 |
2,798,000 |
2,959,000 |
| Non Recurring |
82,000 |
318,000 |
69,000 |
24,000 |
| Others |
68,000 |
71,000 |
72,000 |
70,000 |
| Total Operating Expenses |
4,724,000 |
4,991,000 |
4,468,000 |
4,600,000 |
| Operating Income or Loss |
2,681,000 |
2,342,000 |
2,622,000 |
2,925,000 |
| Income from Continuing Operations |
|
|
|
|
| Total Other Income/Expenses Net |
239,000 |
157,000 |
390,000 |
249,000 |
| Earnings Before Interest And Taxes |
2,920,000 |
2,499,000 |
3,012,000 |
3,174,000 |
| Interest Expense |
142,000 |
139,000 |
139,000 |
139,000 |
| Income Before Tax |
2,778,000 |
2,360,000 |
2,873,000 |
3,035,000 |
| Income Tax Expense |
531,000 |
532,000 |
476,000 |
598,000 |
| Minority Interest |
- |
- |
- |
- |
| Net Income From Continuing Ops |
2,247,000 |
1,828,000 |
2,397,000 |
2,437,000 |
| Non-recurring Events |
|
|
|
|
| Discontinued Operations |
- |
- |
- |
- |
| Extraordinary Items |
- |
- |
- |
- |
| Effect Of Accounting Changes |
- |
- |
- |
- |
| Other Items |
- |
- |
- |
- |
| Net Income |
2,247,000 |
1,828,000 |
2,397,000 |
2,437,000 |
| Preferred Stock And Other Adjustments |
- |
- |
- |
- |
| Net Income Applicable To Common Shares |
2,247,000 |
1,828,000 |
2,397,000 |
2,437,000 |
Peer Comparison
|
|
AAPL |
BBRY |
GOOG |
HPQ |
Industry |
| Market Cap |
144.54B |
10.43B |
55.13B |
11.22B |
194.36M |
| Employees |
70,942 |
52,673 |
302,000 |
8,815 |
445 |
| Qtrly Rev Growth (yoy) |
5.0% |
9.0% |
-7.0% |
-1.0% |
15.0% |
| Revenue (ttm) |
48.68B |
14.77B |
108.28B |
4.52B |
74.58M |
| Gross Margin (ttm) |
60.0% |
34.0% |
24.0% |
64.0% |
46.0% |
| EBITDA (ttm) |
13.50B |
1.05B |
12.94B |
902.90M |
-604.76K |
| Operating Margin (ttm) |
23.0% |
4.0% |
8.0% |
16.0% |
-2.0% |
| Net Income (ttm) |
8.91B |
-41.74M |
4.69B |
-427.80M |
N/A |
| EPS (ttm) |
1.72 |
-0.05 |
2.51 |
-1.02 |
N/A |
| P/E (ttm) |
16.51 |
N/A |
12.17 |
N/A |
18.05 |
| PEG (5 yr expected) |
1.39 |
1.66 |
2.43 |
1.17 |
1.17 |
| P/S (ttm) |
2.96 |
0.71 |
0.51 |
2.41 |
2.38 |
Upcoming Events
|
Date |
Event |
| 8/12/2015 |
Earnings announcement |
Recent Events
|
Date |
Event |
| 7/29/2015 |
CISCO SYSTEMS, INC. Files SEC form 8-K/A, Change in Directors or Principal Officers |
| 6/30/2015 |
Ex-Date for dividend payment of $0.21 |
| 6/18/2015 |
CISCO SYSTEMS, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits |
| 6/17/2015 |
SunTrust Robinson Humphrey to Host Tech Talk With Cisco Systems Inc Call scheduled for 1130 am ET today |
| 6/12/2015 |
CISCO SYSTEMS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits |
| 6/10/2015 |
CISCO SYSTEMS, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits |
| 6/3/2015 |
Coverage initiated on Cisco Systems by Nomura |
| 6/1/2015 |
CISCO SYSTEMS, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits |
Major Direct Holders
|
Major Direct Holders |
Shares |
Reported |
| CHAMBERS JOHN T |
1,664,435 |
Feb-15 |
| PATEL PANKAJ |
566,483 |
Jun-15 |
| MOORE GARY B |
523,332 |
Mar-15 |
| ROBBINS CHARLES |
530,503 |
Jun-15 |
| LLOYD ROBERT WAYNE |
361,265 |
Feb-15 |
Top Institutional Holders
|
Top Institutional Holders |
Shares |
% Out |
Value* |
Reported |
| Vanguard Group, Inc. (The) |
288,377,031 |
5.67 |
7,939,019,951 |
Mar-15 |
| State Street Corporation |
212,220,835 |
4.17 |
5,842,439,799 |
Mar-15 |
| Wellington Management Company, LLP |
155,258,874 |
3.05 |
4,274,276,956 |
Mar-15 |
| BlackRock Institutional Trust Company, N.A. |
136,161,397 |
2.68 |
3,748,523,395 |
Mar-15 |
| Capital World Investors |
120,778,400 |
2.37 |
3,325,029,472 |
Mar-15 |
| Bank of New York Mellon Corporation |
119,193,829 |
2.34 |
3,281,406,231 |
Mar-15 |
| FMR, LLC |
113,160,731 |
2.22 |
3,115,315,037 |
Mar-15 |
| Invesco Ltd. |
98,937,007 |
1.95 |
2,723,735,901 |
Mar-15 |
| Northern Trust Corporation |
73,502,537 |
1.45 |
2,023,524,917 |
Mar-15 |
| Franklin Resources, Inc |
68,305,220 |
1.34 |
1,880,442,774 |
Mar-15 |
Balance sheet (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| Cash And Cash Equivalents |
9,799,000 |
7,925,000 |
6,726,000 |
| Short Term Investments |
38,917,000 |
42,685,000 |
45,348,000 |
| Net Receivables |
10,324,000 |
12,123,000 |
12,118,000 |
| Inventory |
1,663,000 |
1,476,000 |
1,591,000 |
| Other Current Assets |
1,230,000 |
1,312,000 |
1,331,000 |
| Total Current Assets |
61,933,000 |
65,521,000 |
67,114,000 |
| Long Term Investments |
3,585,000 |
3,911,000 |
3,918,000 |
| Property Plant and Equipment |
3,402,000 |
3,322,000 |
3,252,000 |
| Goodwill |
16,998,000 |
21,919,000 |
24,239,000 |
| Intangible Assets |
1,959,000 |
3,403,000 |
3,280,000 |
| Accumulated Amortization |
- |
- |
- |
| Other Assets |
3,882,000 |
3,115,000 |
3,331,000 |
| Deferred Long Term Asset Charges |
- |
- |
- |
|
|
|
|
| Total Assets |
91,759,000 |
101,191,000 |
105,134,000 |
|
|
|
|
| Liabilities |
|
|
|
| Current Liabilities |
|
|
|
| Accounts Payable |
4,063,000 |
4,403,000 |
4,372,000 |
| Short/Current Long Term Debt |
31,000 |
3,283,000 |
508,000 |
| Other Current Liabilities |
13,637,000 |
14,310,000 |
14,929,000 |
| Total Current Liabilities |
17,731,000 |
21,996,000 |
19,809,000 |
| Long Term Debt |
16,297,000 |
12,928,000 |
20,401,000 |
| Other Liabilities |
2,402,000 |
2,978,000 |
3,599,000 |
| Deferred Long Term Liability Charges |
4,028,000 |
4,161,000 |
4,664,000 |
| Minority Interest |
15,000 |
8,000 |
7,000 |
| Negative Goodwill |
- |
- |
- |
|
|
|
|
| Total Liabilities |
40,473,000 |
42,071,000 |
48,480,000 |
|
|
|
|
| Stockholders' Equity |
|
|
|
| Misc Stocks Options Warrants |
- |
- |
- |
| Redeemable Preferred Stock |
- |
- |
- |
| Preferred Stock |
- |
- |
- |
| Common Stock |
39,271,000 |
42,297,000 |
41,884,000 |
| Retained Earnings |
11,354,000 |
16,215,000 |
14,093,000 |
| Treasury Stock |
- |
- |
- |
| Capital Surplus |
- |
- |
- |
| Other Stockholder Equity |
661,000 |
608,000 |
677,000 |
| Total Stockholder Equity |
51,286,000 |
59,120,000 |
56,654,000 |
|
|
|
|
| Net Tangible Assets |
32,329,000 |
33,798,000 |
29,135,000 |
Balance sheet (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| Cash And Cash Equivalents |
6,726,000 |
4,387,000 |
4,797,000 |
3,870,000 |
| Short Term Investments |
45,348,000 |
47,720,000 |
48,225,000 |
50,549,000 |
| Net Receivables |
12,118,000 |
11,329,000 |
11,405,000 |
11,676,000 |
| Inventory |
1,591,000 |
1,676,000 |
1,890,000 |
1,760,000 |
| Other Current Assets |
1,331,000 |
1,284,000 |
1,565,000 |
1,476,000 |
| Total Current Assets |
67,114,000 |
66,396,000 |
67,882,000 |
69,331,000 |
| Long Term Investments |
3,918,000 |
3,691,000 |
3,549,000 |
3,506,000 |
| Property Plant and Equipment |
3,252,000 |
3,233,000 |
3,212,000 |
3,276,000 |
| Goodwill |
24,239,000 |
24,364,000 |
24,382,000 |
24,398,000 |
| Intangible Assets |
3,280,000 |
3,066,000 |
2,755,000 |
2,626,000 |
| Accumulated Amortization |
- |
- |
- |
- |
| Other Assets |
3,331,000 |
3,228,000 |
3,142,000 |
3,075,000 |
| Deferred Long Term Asset Charges |
- |
- |
- |
- |
|
|
|
|
|
| Total Assets |
105,134,000 |
103,978,000 |
104,922,000 |
106,212,000 |
|
|
|
|
|
| Liabilities |
|
|
|
|
| Current Liabilities |
|
|
|
|
| Accounts Payable |
4,372,000 |
3,754,000 |
3,682,000 |
3,924,000 |
| Short/Current Long Term Debt |
508,000 |
1,357,000 |
855,000 |
4,418,000 |
| Other Current Liabilities |
14,929,000 |
14,945,000 |
15,497,000 |
14,903,000 |
| Total Current Liabilities |
19,809,000 |
20,056,000 |
20,034,000 |
23,245,000 |
| Long Term Debt |
20,401,000 |
19,615,000 |
19,667,000 |
16,586,000 |
| Other Liabilities |
3,599,000 |
3,297,000 |
2,836,000 |
2,738,000 |
| Deferred Long Term Liability Charges |
4,664,000 |
4,295,000 |
4,652,000 |
4,810,000 |
| Minority Interest |
7,000 |
7,000 |
15,000 |
10,000 |
| Negative Goodwill |
- |
- |
- |
- |
|
|
|
|
|
| Total Liabilities |
48,480,000 |
47,270,000 |
47,204,000 |
47,389,000 |
|
|
|
|
|
| Stockholders' Equity |
|
|
|
|
| Misc Stocks Options Warrants |
- |
- |
- |
- |
| Redeemable Preferred Stock |
- |
- |
- |
- |
| Preferred Stock |
- |
- |
- |
- |
| Common Stock |
41,884,000 |
41,984,000 |
42,685,000 |
43,133,000 |
| Retained Earnings |
14,093,000 |
14,273,000 |
14,847,000 |
15,503,000 |
| Treasury Stock |
- |
- |
- |
- |
| Capital Surplus |
- |
- |
- |
- |
| Other Stockholder Equity |
677,000 |
451,000 |
186,000 |
187,000 |
| Total Stockholder Equity |
56,654,000 |
56,708,000 |
57,718,000 |
58,823,000 |
|
|
|
|
|
| Net Tangible Assets |
29,135,000 |
29,278,000 |
30,581,000 |
31,799,000 |
Address
|
company |
Cisco Systems, Inc. |
|
address |
170 West Tasman Drive |
|
city_state_zip |
San Jose, CA 95134 |
|
phone |
408-526-4000 |
Business Summary
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers service provider video infrastructure, including set-top boxes, cable/telecommunications access products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising unified communications products, Web-based collaborative offerings, and telepresence systems; data center products, such as blade and rack servers, fabric interconnects, software, and server access virtualization solutions; security products, including network security, Web and email security, cloud Web security, advanced malware protection, and data center security, as well as network admission control and identity services; and other products, such as emerging technologies and other networking products. Further, the company offers wireless products consisting of wireless access points; network managed services; and standalone, switch-converged, and cloud managed solutions. Additionally, it provides technical support services and advanced services. The company serves businesses of various sizes, public institutions, telecommunications companies, other service providers, and individuals. Cisco Systems, Inc. was founded in 1984 and is headquartered in San Jose, California.
