Cisco Systems, Inc. (CSCO)
This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Cisco Systems AI Play Gains Traction: Analysts Lead Stock Higher
Cisco Systems NASDAQ: CSCO Q4 results and guidance prove that its AI play was smart. Once a networking giant and now a networking and AI-powered data management platform, the company outperformed its guidance and analysts estimates, raised guidance, and the guidance is likely cautious.
Cisco Q4: Major Job Cuts With More Focus On AI, Cloud And Security (Rating Upgrade)
Cisco announced job cuts and a strategic shift towards AI and cybersecurity, aiming for $1 billion in pre-tax savings. Product orders grew 14% year-over-year, indicating recovery from inventory destocking issues. Revenue guidance for FY25 suggests 4.1% growth; DCF analysis values Cisco stock at $55 per share, with downside risks including Splunk integration and limited revenue from growth areas.
'Cisco Likely Represents A Safe Place To Park Money If Concerned About A Recession, But Not A Great Place If You Are Expecting Interest Rate Cuts': Analyst
Cisco Systems, Inc CSCO stock gained in Wednesday after-hours trading after the company reported upbeat fourth-quarter earnings. The stock price maintained the upward trajectory on Thursday.
Cisco gets back on track — and it could spur the stock's best day in 4 years
While Cisco shares CSCO have pared their morning gains, they're still up 6.9% in afternoon action — which would make for their best single-day percentage increase since Nov. 13, 2020, when they rose 7.1%.
Cisco: Surprisingly Positive Reaction, Still A Zombie
Cisco Systems stock has been stagnant for months, barely reaching $50 despite a recent pop. Revenues down 10% but services revenue up 6% with Splunk contributing $960 million. Margins improved but operating expenses up 12% and net income down 45%, cautious optimism for future Cisco performance.
Cisco shares head for best day since 2020 on earnings beat, plans to cut 7% of workforce
Cisco shares jumped on Thursday and headed for their best day since March 2020. The company announced Wednesday it's cutting 7% of its workforce and reported quarterly results that beat analyst estimates.
12 Quotes From Cisco Systems 4th Quarter Earnings That Every Investor Should Read
Cisco Systems (NASDAQ:CSCO) 4th quarter earnings beat analyst estimates with revenue surpassing $13 billion due to robust customer demand across AI, cloud, and cyber security.
Cisco (CSCO) Q4 Earnings Top Estimates, Revenues Fall Y/Y
Cisco's (CSCO) fiscal fourth-quarter results reflect weakness in the Networking segment, partially offset by strong Security and Services performance.
Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.
Watch These Cisco Price Levels as Stock Surges After Strong Earnings, Job Cuts
Shares in Cisco Systems (CSCO) jumped in premarket trading Thursday after the technology and networking company released earnings that topped Wall Street's estimates and announced that it's cutting 7% of its global workforce.
Tech Wreck 2024: 3 Oversold Stocks to Buy for the Next Decade
Even after last week's nice relief rally, there are several oversold stocks out there that may make sense to buy in mid-August. Whether or not the relief bounce kicks into high gear, it's hard not to act on many names that are close to the cheapest they've been in many months.
