Famed investor Jim Cramer says insider confidence is reason enough to load up on Cisco Systems Inc (NASDAQ: CSCO) on the post-earnings weakness. Cisco stock is down 2% at writing after reporting its fourth straight quarter of revenue decline.
Cisco's first-quarter fiscal 2025 results reflect resilience amid networking sales challenges, with growth in AI, security and cloud partnerships.
Cisco Systems Inc (NASDAQ:CSCO, ETR:CIS) saw better-than-expected performance in the first quarter, according to analysts at Bank of England. Although the software conglomerate reported a revenue decline of 5.6%, this was a better outcome than the 6.1% drop anticipated by BoE.
Cisco stock is lower Thursday despite the tech giant's beat-and-raise quarter, but analysts aren't concerned. Here's what you need to know.
CNBC's Jim Cramers explains why he's keeping an eye on shares of Cisco.
U.S. stocks traded slightly lower this morning, with the Dow Jones index falling by 0.1% on Thursday.
Cisco's stock price has risen 21% since my 'Buy' rating in August 2024, driven by strong AI, cloud, and security market focus. Product orders grew 20% YoY, signalling the end of inventory destocking, with AI orders projected to reach $1 billion in FY25. Cisco's AI infrastructure investments and Splunk acquisition are expected to drive revenue growth, with a fair value of $65 per share.
Cisco Systems, Inc. (NASDAQ:CSCO ) Q1 2025 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Sami Badri - Head, Investor Relations Chuck Robbins - Chair & Chief Executive Officer Scott Herren - Executive Vice President & Chief Financial Officer Conference Call Participants Tal Liani - Bank of America Matt Niknam - Deutsche Bank Michael Ng - Goldman Sachs David Vogt - UBS Samik Chatterjee - JPMorgan Simon Leopold - Raymond James James Fish - Piper Sandler Meta Marshall - Morgan Stanley Ben Reitzes - Melius Research Amit Daryanani - Evercore George Notter - Jefferies Aaron Rakers - Wells Fargo Karl Ackerman - BNP Paribas Operator Welcome to Cisco's First Quarter Fiscal Year 2025 Financial Results Conference Call. At the request of Cisco, today's conference is being recorded.
The headline numbers for Cisco (CSCO) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cisco Systems (CSCO) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $1.11 per share a year ago.
Cisco Systems (CSCO) reported fiscal first-quarter earnings that exceeded analysts' expectations and raised its full-year forecast, despite declining revenues.
Keith Snyder, CFRA analyst, joins 'Closing Bell: Overtime' to weigh in on Cisco earnings as shares rise on its earnings beat.