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How To Earn $500 A Month From Cisco Stock Ahead Of Q4 Earnings
Cisco Systems, Inc. (NASDAQ:CSCO) is expected to release earnings results for its fourth quarter, after the closing bell on Wednesday, Aug. 14.
Analysts expect the San Jose, California-based company to report quarterly earnings at 85 cents per share, down from $1.08 per share in the year-ago period. Cisco is projected to post revenue of $13.54 billion, compared to $14.45 billion a year earlier, according to data from Benzinga Pro.
According to a recent Reuters report, Cisco plans to lay off thousands of employees in a second round of cuts this year, similar to or exceeding the 4,000 jobs eliminated in February, as it shifts focus to high-growth areas like cybersecurity and AI.
With the recent buzz around Cisco, some investors may be eyeing potential gains from the company's dividends. As of now, Cisco has a dividend yield of 3.53%, which ...