On Thursday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 2.87% to $28.70.
Cisco Systems stated its fourth quarter and fiscal year results for the period ended July 25, 2015. Cisco stated fourth quarter revenue of $12.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.45 per share, and non-GAAP net income of $3.0 billion or $0.59 per share.
Fiscal 2015 Highlights
- Revenue — Total revenue was $49.2 billion, an enhance of 4%.
- Net Income and EPS — On a non-GAAP basis, net income was $11.4 billion, an enhance of 5%, and EPS was $2.21, an enhance of 7%. On a GAAP basis, net income was $9.0 billion and EPS was $1.75.
- Cash Flow from Operating Activities — was $12.6 billion for fiscal 2015, contrast with $12.3 billion for fiscal 2014.
- Cash and Cash Equivalents and Investments — were $60.4 billion at the end of the fourth quarter of fiscal 2015, contrast with $54.4 billion at the end of the third quarter of fiscal 2015, and contrast with $52.1 billion at the end of the fourth quarter of fiscal 2014. $7.0 billion of cash and cash equivalents and investments was accessible in the United States at the end of the fourth quarter of fiscal 2015.
- Deferred Revenue — was $15.2 billion, up 7% in total. Product deferred revenue grew in double-digits again in the fourth quarter of fiscal 2015 at 21%, driven largely by subscription based and software offerings, while services deferred revenue grew 1%. Cisco continued to build a greater mix of recurring revenue as reflected in deferred revenue.
- Product Backlog — was about $5.1 billion at the end of fiscal 2015 as contrast to about $5.4 billion at the end of fiscal 2014.
- Days Sales Outstanding in Accounts Receivable (DSO) — was 38 days at the end of the fourth quarter of fiscal 2015 consistent with the fourth quarter of fiscal 2014.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Shares of Halliburton Company (NYSE:HAL), declined -2.22% to $41.76, during its last trading session.
Halliburton Company will host a conference call on Monday, October 19, 2015, to talk about the third quarter 2015 financial results. The call will start at 8:00 AM Central Time (9:00 AM Eastern Time).
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation.
Finally, CareTrust REIT, Inc. (NASDAQ:CTRE), ended its last trade with -2.44% loss, and closed at $10.78, hitting its lowest level.
CareTrust REIT, declared the pricing of its public offering of 14,200,000 shares of its common stock at a price to the public of $10.50 per share. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,130,000 shares of common stock. The offering is predictable to close on August 18, 2015, subject to customary closing conditions.
The Company intends to use the net proceeds from this offering to fund a portion of the purchase price of the formerly declared acquisition of a 14-facility skilled nursing and assisted living portfolio from associates of Liberty Nursing Centers and to pay related fees and expenses.
KeyBanc Capital Markets, Raymond James, BMO Capital Markets, Barclays and RBC Capital Markets are acting as joint book-running managers for the offering. Canaccord Genuity and Fifth Third Securities are acting as co-managers for the offering.
CareTrust REIT, Inc. (NASDAQ:CTRE) operates independently of The Ensign Group, Inc. as of June 02, 2014.
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