Cisco Systems (CSCO) Q2 Earnings & Revenue Beat Estimates

Cisco Systems ( CSCO - Free Report ) delivered second-quarter fiscal 2019 non-GAAP earnings of 73 cents per share which beat the Zacks Consensus Estimate by a penny.

Notably, during the second quarter of fiscal 2019 the company completed the divestiture of its Service Provider Video Software Solutions (“SPVSS”) business.

Cisco recently unveiled AIOps, leveraging artificial intelligence (AI) machine learning and automation to offer enhanced customer experiences and higher business performance.

Cisco intends to deploy Luxtera’s integrated optics technology capabilities across its robust network portfolio featuring capacities ranging from 100GbE (Gigabit Ethernet) to 400GbE.

This buyout will aid Cisco to deliver on its commitment of safeguarding customer data while focusing on people-centric secure enterprise IT approach.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

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