Dallas, Texas 08/14/2013 (Financialstrend) – It is expected that Cisco Systems, Inc. (NASDAQ:CSCO) will surprise investors with its fourth quarter financial results, which are to be released shortly on August 14, 2013. This company based in San Jose, California is the leading manufacturer of computer networking equipment in the global markets and its far reach and higher level of sensitivity to the government and business cycles had made it the bellwether of technology industry. On average, the analyst estimates for the fourth quarter earnings are fixed at 51 cents per share which is observed to be an increase of 8.5% over the earnings reported at 47 cents for the same quarter of previous year.
It is worth noting that Cisco Systems Inc proved successful in topping the estimates of analysts on the Wall Street consecutively for the past four quarters and for this quarter. It is expected that the networking gear maker would be heavily driven by the strength attained in the segments of wireless service provider, pay TV video and carrier routing services in addition to the strong growth attained in the enterprise data center.
Shares of Cisco Systems Inc had lost 0.07% on Tuesday to close at $26.32 per share for the day, with a trading volume of 36.45 million shares. The stock had presented intraday price movements varying from low of $26.07 to high of $26.48 per share. Presently, the company has recorded low price of $16.68 and high price of $26.49 per share for the past 52 weeks. The stock holds around 5.34 million shares standing out in the market with the investors with an institutional holding of 74%. The average trading volume of the stock over the past one month of trading is reported to be at 29.97 million shares per day.