Time to sell guys. This time next year you'll be lucky if it's worth $25 a share after 11 quarters of decline. Unless you reckon they will turn it around. Haha
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This is why the illusive repatriation that is never going to happen is so key to the executive team to keep the illusion of growth alive. 7 quarters of revenue decline means revenue isn't going up significantly any time soon. Opex has already been cut to the bone, when looked at as a percentage of revenue, limited ability to move the needle there without further breaking the wheel. So the only way the company can grow EPS is to retire shares. If you don't believe me, take a look at the EPS and and the share count the last few quarters and do the math on what it would have been without the buyback. The buyback is the only thing allowing Cisco to meet guidance and not have declining EPS.
The stock is nose-diving now.
Stock repurchase is already factored in to the price. Won't make much difference.
Are you implying customers won't pay more to buy Cisco "service revenue?" Sales just needs to tell customers why paying more for the same broken code is so great and the stock will be back to $82 in no time!
Depends on the stock repurchase program.
This is why there will be layoffs in FY18. They don't have a choice.
"However, guidance is a tad weak. FY1Q18 revenue and EPS are about in-line, but non-GAAP gross margin was guided to 63-64% vs. 64.1% consensus, and non-GAAP operating margin was guided to 29.5%-30.5% vs. 31.3% consensus."