The Zhitong Finance App learned that computer network equipment manufacturer Cisco (CSCO.US) will announce the results for the third quarter of the 2024 fiscal year after the US stock market on May 15 (Wednesday). Wall Street analysts currently expect Cisco's Q3 revenue to be $12.47 billion, down 14.4% year on year; earnings per share are expected to be $0.83, down 17% year over year.

By business segment, analysts expect Cisco's Q3 product revenue to be $8.86 billion, down 20.1% year over year. Among them, collaboration business revenue is expected to be US$983 million, down 0.2% year on year; network business revenue is expected to be US$6.57 billion, down 13% year on year; and security business revenue is expected to be US$1.03 billion, up 7.8% year on year. Q3 services revenue is expected to be US$3.52 billion, up 1.3% year over year.

Although analysts expect both Cisco's Q3 revenue and EPS to decline year over year, the comparison between actual performance and these expectations will be a powerful factor that may affect the stock's recent stock price performance.