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4-Traders Homepage  >  Equities  >  Nasdaq  >  Cisco Systems    CSCO

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Cisco : Correction to Cisco Article on Feb. 16

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02/17/2017 | 06:50pm CEST

The decline in Cisco Systems Inc.'s net profit in its fiscal second quarter was driven in part by an exceptional $500 million tax gain in the year-earlier period that resulted from a settlement with the Internal Revenue Service of previous audits. "Cisco Hit by Decline In Core Business -- WSJ," published Feb. 16 at 2:32 a.m. ET, incorrectly attributed the decline in part to a one-time tax charge during the latest quarter. (Feb. 17, 2017)

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EBIT 2018 14 980 M
Net income 2018 10 123 M
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Yield 2018 3,56%
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Average target price 35,5 $
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