Cisco Systems Inc (CSCO) released its fourth quarter results on Sunday, August 22, 2021. The company reported net earnings of $0.71 per share for the fourth quarter ending July 31, 2021. Earnings for this past quarter were up 14 percent compared to the same period a year ago.
Cisco Systems, Inc. was founded in 1984 and is headquartered in San Jose, California. Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.
Cisco Systems' revenue increased 1 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 65.08% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 27.3% over the same period. Net earnings for past trailing twelve months were $10591.0 million, down 6% from the prior year.
Moving on to the balance sheet, Cisco Systems' cash levels dropped 22% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 13.4% this past year. The current ratio for Cisco Systems now stands at 1.49. The company decreased shares outstanding by 0.12%.
Shares of CSCO are currently trading around $58.22. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 23.3 and price to book ratio of 5.98.