Subtext

Cisco Systems, Inc. CSCO

SectorInformation Technology
Transcripts77
Date range2005-11-21 – 2025-05-14
Calls charted77

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-16-8+0+8+162006 Q12008 Q32011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12006 Q1 · Overall: +6.82006 Q2 · Overall: +2.82006 Q3 · Overall: +6.52006 Q4 · Overall: +7.42007 Q1 · Overall: +5.32007 Q2 · Overall: +4.72007 Q3 · Overall: +8.12007 Q4 · Overall: +9.62008 Q1 · Overall: +5.72008 Q2 · Overall: +7.32008 Q3 · Overall: +11.62008 Q4 · Overall: +7.72009 Q1 · Overall: +3.02009 Q2 · Overall: +6.22009 Q3 · Overall: +7.42009 Q4 · Overall: +5.72010 Q1 · Overall: +10.12010 Q2 · Overall: +7.72010 Q3 · Overall: +7.12011 Q2 · Overall: +8.62011 Q3 · Overall: +3.72011 Q4 · Overall: +8.62012 Q1 · Overall: +11.02012 Q2 · Overall: +11.42012 Q3 · Overall: +8.92012 Q4 · Overall: +8.72013 Q1 · Overall: +8.52013 Q2 · Overall: +13.22013 Q3 · Overall: +6.92013 Q4 · Overall: +6.62014 Q1 · Overall: +0.62014 Q2 · Overall: +2.52014 Q3 · Overall: +2.62014 Q4 · Overall: +3.92015 Q1 · Overall: +10.52015 Q2 · Overall: +10.92015 Q3 · Overall: +10.82015 Q4 · Overall: +7.82016 Q1 · Overall: +6.62016 Q2 · Overall: +4.72016 Q3 · Overall: +4.32016 Q4 · Overall: +1.92017 Q1 · Overall: +4.12017 Q2 · Overall: +5.72017 Q3 · Overall: +3.02017 Q4 · Overall: +2.62018 Q1 · Overall: +5.22018 Q2 · Overall: +9.22018 Q3 · Overall: +6.82018 Q4 · Overall: +9.42019 Q1 · Overall: +11.92019 Q2 · Overall: +9.32019 Q3 · Overall: +6.52019 Q4 · Overall: +6.52020 Q1 · Overall: +5.92020 Q2 · Overall: +5.02020 Q3 · Overall: +2.32020 Q4 · Overall: +4.02021 Q1 · Overall: +13.82021 Q2 · Overall: +9.52021 Q3 · Overall: +8.12021 Q4 · Overall: +11.02022 Q1 · Overall: +9.82022 Q2 · Overall: +9.02022 Q3 · Overall: -2.52022 Q4 · Overall: +8.12023 Q1 · Overall: -0.22023 Q2 · Overall: +8.72023 Q3 · Overall: +13.12023 Q4 · Overall: +9.22024 Q1 · Overall: +5.32024 Q2 · Overall: +2.62024 Q3 · Overall: +7.82024 Q4 · Overall: +6.82025 Q1 · Overall: +11.12025 Q2 · Overall: +7.82025 Q3 · Overall: +5.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-34-17+0+17+342006 Q12008 Q32011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12006 Q1 · CEO: +9.62006 Q2 · CEO: +12.02006 Q3 · CEO: +9.42006 Q4 · CEO: +11.02007 Q1 · CEO: +10.22007 Q2 · CEO: +7.82007 Q3 · CEO: +13.22007 Q4 · CEO: +13.82008 Q1 · CEO: +7.02008 Q2 · CEO: +13.62008 Q3 · CEO: +15.22008 Q4 · CEO: +8.72009 Q1 · CEO: +1.72009 Q2 · CEO: +5.82009 Q3 · CEO: +7.62009 Q4 · CEO: +9.52010 Q1 · CEO: +12.82010 Q2 · CEO: +12.92010 Q3 · CEO: +12.92011 Q2 · CEO: +12.32011 Q3 · CEO: +7.12011 Q4 · CEO: +13.12012 Q1 · CEO: +17.32012 Q2 · CEO: +15.92012 Q3 · CEO: +11.62012 Q4 · CEO: +15.62013 Q1 · CEO: +11.32013 Q2 · CEO: +14.82013 Q3 · CEO: +12.92013 Q4 · CEO: +9.12014 Q1 · CEO: +3.42014 Q2 · CEO: +6.52014 Q3 · CEO: +7.52014 Q4 · CEO: +4.32015 Q1 · CEO: +13.12015 Q2 · CEO: +15.52015 Q3 · CEO: +15.62015 Q4 · CEO: +16.12016 Q1 · CEO: +13.62016 Q2 · CEO: +11.12016 Q3 · CEO: +7.92016 Q4 · CEO: +8.02017 Q1 · CEO: +7.82017 Q2 · CEO: +18.72017 Q3 · CEO: +18.42017 Q4 · CEO: +8.52018 Q1 · CEO: +11.72018 Q2 · CEO: +23.22018 Q3 · CEO: +15.12018 Q4 · CEO: +13.42019 Q1 · CEO: +14.32019 Q2 · CEO: +18.02019 Q3 · CEO: +13.72019 Q4 · CEO: +14.82020 Q1 · CEO: +12.42020 Q2 · CEO: +17.02020 Q3 · CEO: +8.82020 Q4 · CEO: +17.22021 Q1 · CEO: +21.62021 Q2 · CEO: +16.32021 Q3 · CEO: +14.22021 Q4 · CEO: +21.22022 Q1 · CEO: +17.52022 Q2 · CEO: +16.12022 Q3 · CEO: +1.22022 Q4 · CEO: +15.82023 Q1 · CEO: +7.32023 Q2 · CEO: +15.22023 Q3 · CEO: +17.62023 Q4 · CEO: +18.52024 Q1 · CEO: +13.22024 Q2 · CEO: +9.02024 Q3 · CEO: +14.52024 Q4 · CEO: +13.92025 Q1 · CEO: +16.12025 Q2 · CEO: +14.82025 Q3 · CEO: +11.72006 Q1 · CFO: -0.42006 Q2 · CFO: +1.02006 Q4 · CFO: +1.02007 Q1 · CFO: +0.02007 Q2 · CFO: +3.52007 Q3 · CFO: -1.72007 Q4 · CFO: +6.32008 Q1 · CFO: +6.82008 Q2 · CFO: +16.02008 Q3 · CFO: +8.42008 Q4 · CFO: +11.62009 Q1 · CFO: +11.92009 Q2 · CFO: +11.12009 Q3 · CFO: +13.02009 Q4 · CFO: +2.92010 Q1 · CFO: +11.92010 Q2 · CFO: +2.32010 Q3 · CFO: +3.62011 Q2 · CFO: +4.02011 Q3 · CFO: +0.02011 Q4 · CFO: -1.12012 Q1 · CFO: +6.32012 Q2 · CFO: +10.52012 Q3 · CFO: +11.02012 Q4 · CFO: +8.92013 Q1 · CFO: +10.72013 Q2 · CFO: +26.92013 Q3 · CFO: +11.72013 Q4 · CFO: +11.92014 Q1 · CFO: +4.62014 Q2 · CFO: +5.72014 Q3 · CFO: +7.02014 Q4 · CFO: +11.02015 Q1 · CFO: +4.52015 Q2 · CFO: +6.62015 Q3 · CFO: +13.22015 Q4 · CFO: +0.02016 Q1 · CFO: -29.82016 Q2 · CFO: -7.02016 Q3 · CFO: +6.82016 Q4 · CFO: +5.52017 Q1 · CFO: +9.32017 Q2 · CFO: +13.52017 Q3 · CFO: +10.12017 Q4 · CFO: +5.22018 Q1 · CFO: +13.82018 Q2 · CFO: +11.32018 Q3 · CFO: +6.12018 Q4 · CFO: +10.82019 Q1 · CFO: +14.22019 Q2 · CFO: +4.12019 Q3 · CFO: +8.12019 Q4 · CFO: +12.32020 Q1 · CFO: +12.92020 Q2 · CFO: +1.32020 Q3 · CFO: +3.12020 Q4 · CFO: +2.62021 Q1 · CFO: +15.82021 Q2 · CFO: +8.32021 Q3 · CFO: +11.02021 Q4 · CFO: +10.32022 Q1 · CFO: +12.22022 Q2 · CFO: +10.12022 Q3 · CFO: +0.02022 Q4 · CFO: +8.22023 Q1 · CFO: +5.82023 Q2 · CFO: +15.22023 Q3 · CFO: +17.42023 Q4 · CFO: +9.52024 Q1 · CFO: +5.92024 Q2 · CFO: +2.12024 Q3 · CFO: +11.62024 Q4 · CFO: +10.22025 Q1 · CFO: +10.42025 Q2 · CFO: +8.02025 Q3 · CFO: +4.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-31-15+0+15+312006 Q12008 Q32011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12006 Q1 · Prepared remarks: +7.02006 Q2 · Prepared remarks: +8.02006 Q3 · Prepared remarks: +11.92006 Q4 · Prepared remarks: +11.42007 Q1 · Prepared remarks: +13.22007 Q2 · Prepared remarks: +12.32007 Q3 · Prepared remarks: +16.62007 Q4 · Prepared remarks: +14.92008 Q1 · Prepared remarks: +14.82008 Q2 · Prepared remarks: +17.42008 Q3 · Prepared remarks: +22.02008 Q4 · Prepared remarks: +11.52009 Q1 · Prepared remarks: +6.82009 Q2 · Prepared remarks: +7.92009 Q3 · Prepared remarks: +9.82009 Q4 · Prepared remarks: +11.92010 Q1 · Prepared remarks: +15.12010 Q2 · Prepared remarks: +11.42010 Q3 · Prepared remarks: +13.52011 Q2 · Prepared remarks: +12.02011 Q3 · Prepared remarks: +10.22011 Q4 · Prepared remarks: +14.02012 Q1 · Prepared remarks: +11.82012 Q2 · Prepared remarks: +15.52012 Q3 · Prepared remarks: +15.22012 Q4 · Prepared remarks: +15.12013 Q1 · Prepared remarks: +14.22013 Q2 · Prepared remarks: +22.32013 Q3 · Prepared remarks: +14.82013 Q4 · Prepared remarks: +15.62014 Q1 · Prepared remarks: +6.32014 Q2 · Prepared remarks: +4.72014 Q3 · Prepared remarks: +14.12014 Q4 · Prepared remarks: +24.42015 Q1 · Prepared remarks: +16.92015 Q2 · Prepared remarks: +19.12015 Q3 · Prepared remarks: +15.12015 Q4 · Prepared remarks: +14.42016 Q1 · Prepared remarks: +15.92016 Q2 · Prepared remarks: +4.82016 Q3 · Prepared remarks: +18.72016 Q4 · Prepared remarks: +12.72017 Q1 · Prepared remarks: +16.22017 Q2 · Prepared remarks: +19.82017 Q3 · Prepared remarks: +12.62017 Q4 · Prepared remarks: +16.22018 Q1 · Prepared remarks: +14.42018 Q2 · Prepared remarks: +19.32018 Q3 · Prepared remarks: +7.32018 Q4 · Prepared remarks: +9.82019 Q1 · Prepared remarks: +12.52019 Q2 · Prepared remarks: +9.72019 Q3 · Prepared remarks: +6.82019 Q4 · Prepared remarks: +6.82020 Q1 · Prepared remarks: +6.12020 Q2 · Prepared remarks: +5.32020 Q3 · Prepared remarks: +7.72020 Q4 · Prepared remarks: +15.32021 Q1 · Prepared remarks: +14.22021 Q2 · Prepared remarks: +26.82021 Q3 · Prepared remarks: +12.12021 Q4 · Prepared remarks: +11.42022 Q1 · Prepared remarks: +19.62022 Q2 · Prepared remarks: +9.32022 Q3 · Prepared remarks: -2.52022 Q4 · Prepared remarks: +8.42023 Q1 · Prepared remarks: +0.02023 Q2 · Prepared remarks: +9.12023 Q3 · Prepared remarks: +13.62023 Q4 · Prepared remarks: +9.52024 Q1 · Prepared remarks: +5.62024 Q2 · Prepared remarks: +4.42024 Q3 · Prepared remarks: +8.12024 Q4 · Prepared remarks: +6.92025 Q1 · Prepared remarks: +11.52025 Q2 · Prepared remarks: +8.12025 Q3 · Prepared remarks: +6.22006 Q2 · Q&A responses: +0.12006 Q3 · Q&A responses: +6.32006 Q4 · Q&A responses: +8.02007 Q1 · Q&A responses: +6.42007 Q2 · Q&A responses: +0.32007 Q3 · Q&A responses: +3.02007 Q4 · Q&A responses: +8.72008 Q1 · Q&A responses: -1.02008 Q2 · Q&A responses: +1.92008 Q3 · Q&A responses: +0.42008 Q4 · Q&A responses: +8.22009 Q1 · Q&A responses: -3.02009 Q2 · Q&A responses: +7.02009 Q3 · Q&A responses: +7.22009 Q4 · Q&A responses: +3.02010 Q1 · Q&A responses: +6.72010 Q2 · Q&A responses: +6.62010 Q3 · Q&A responses: +3.32011 Q2 · Q&A responses: +9.12011 Q3 · Q&A responses: +3.02011 Q4 · Q&A responses: +4.72012 Q1 · Q&A responses: +15.62012 Q2 · Q&A responses: +11.32012 Q3 · Q&A responses: +8.12012 Q4 · Q&A responses: +7.42013 Q1 · Q&A responses: +8.02013 Q2 · Q&A responses: +10.82013 Q3 · Q&A responses: +6.52013 Q4 · Q&A responses: +4.12014 Q1 · Q&A responses: -0.82014 Q2 · Q&A responses: +5.42014 Q3 · Q&A responses: +5.62014 Q4 · Q&A responses: +5.22015 Q1 · Q&A responses: +5.72015 Q2 · Q&A responses: +5.12015 Q3 · Q&A responses: +11.92015 Q4 · Q&A responses: +10.72016 Q1 · Q&A responses: +8.72016 Q2 · Q&A responses: +8.72016 Q3 · Q&A responses: +1.82016 Q4 · Q&A responses: +2.02017 Q1 · Q&A responses: +4.12017 Q2 · Q&A responses: +4.32017 Q3 · Q&A responses: +0.02017 Q4 · Q&A responses: +1.42018 Q1 · Q&A responses: +3.92018 Q2 · Q&A responses: +9.22020 Q3 · Q&A responses: +1.32020 Q4 · Q&A responses: +3.42021 Q2 · Q&A responses: +0.62021 Q3 · Q&A responses: +1.62022 Q1 · Q&A responses: +1.72024 Q2 · Q&A responses: -12.72024 Q4 · Q&A responses: +9.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.90$3.08$4.252006 Q12008 Q32011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12014 Q1: $2.062014 Q2: $2.152014 Q3: $2.172014 Q4: $2.182015 Q1: $2.232015 Q2: $2.282015 Q3: $2.332015 Q4: $2.322016 Q1: $2.352016 Q2: $2.422016 Q3: $2.452016 Q4: $2.422017 Q1: $2.452017 Q2: $2.442017 Q3: $2.452017 Q4: $2.512018 Q1: $2.762018 Q2: $2.872018 Q3: $3.022018 Q4: $3.152019 Q1: $3.282019 Q2: $3.382019 Q3: $3.382019 Q4: $3.312020 Q1: $3.302020 Q2: $3.152020 Q3: $3.142020 Q4: $3.252021 Q1: $3.352021 Q2: $3.382021 Q3: $3.472021 Q4: $3.532022 Q1: $3.632022 Q2: $3.532022 Q3: $3.582022 Q4: $3.672023 Q1: $3.942023 Q2: $4.022023 Q3: $4.092023 Q4: $3.942024 Q1: $3.772024 Q2: $3.562024 Q3: $3.632024 Q4: $3.77

Forward P/E

9.9613.7317.512006 Q12008 Q32011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12014 Q1: 10.482014 Q2: 11.462014 Q3: 11.612014 Q4: 12.292015 Q1: 12.642015 Q2: 12.692015 Q3: 11.212015 Q4: 11.722016 Q1: 11.852016 Q2: 11.832016 Q3: 12.642016 Q4: 12.592017 Q1: 13.962017 Q2: 12.932017 Q3: 13.132017 Q4: 15.172018 Q1: 16.412018 Q2: 15.312018 Q3: 15.632018 Q4: 13.682019 Q1: 16.052019 Q2: 16.592019 Q3: 14.602019 Q4: 14.102020 Q1: 11.252020 Q2: 14.662020 Q3: 12.892020 Q4: 13.752021 Q1: 14.772021 Q2: 15.802021 Q3: 16.592021 Q4: 16.992022 Q1: 15.362022 Q2: 12.402022 Q3: 12.302022 Q4: 13.452023 Q1: 12.462023 Q2: 12.672023 Q3: 13.762023 Q4: 12.602024 Q1: 13.282024 Q2: 12.902024 Q3: 13.922024 Q4: 15.26

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2018 Q3 tone ↓ -2.3 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -2.6 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -4.3 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -11.6 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -8.4 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-05-14+5.9——View →
2025 Q22025-02-12+7.8——View →
2025 Q12024-11-13+11.1——View →
2024 Q42024-08-14+6.8$3.7715.3View →
2024 Q32024-05-15+7.8$3.6313.9View →
2024 Q22024-02-14+2.6$3.5612.9View →
2024 Q12023-11-15+5.3$3.7713.3View →
2023 Q42023-08-16+9.2$3.9412.6View →