Cisco Systems, Inc. (NASDAQ:CSCO ) 2024 UBS Global Technology and AI Conference December 3, 2024 12:55 PM ET Company Participants Bill Gartner - SVP and GM of Optical Systems and Optics Group Conference Call Participants David Vogt - UBS David Vogt Good. I guess it's good morning still.
Recently, Zacks.com users have been paying close attention to Cisco (CSCO). This makes it worthwhile to examine what the stock has in store.
With the S&P 500 and Nasdaq Composite both regularly setting new all-time highs in 2024, it's harder to find promising tech stocks at attractive valuations. Market darling Nvidia already trades at 37 times forward earnings, while blue-chip stalwart Apple has a forward multiple of 31.
Cisco Systems, Inc. (NASDAQ:CSCO ) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference November 20, 2024 11:20 AM ET Company Participants Scott Herren - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Matt Hedberg Please, I'll sit over here. All right.
Cisco (CSCO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Explore how Cisco's (CSCO) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
Cisco Systems NASDAQ: CSCO is a long-term play on AI that investors should heed. Its AI abilities aren't rooted in GPUs, CPUs, and the training of AI but in the long-term application.
Cisco Systems (CSCO) reported stronger-than-expected results for its first fiscal 2025 quarter. Revenue came in at $13.84 billion, surpassing the estimated $13.77 billion.
Despite the company's YoY revenue decline in fiscal Q1 2025, I remain extremely bullish on Cisco Systems, Inc. stock due to its strong value play and growth potential in AI and subscription services. Cisco is undervalued compared to peers, trading at 15.81 times this year's earnings, with a robust dividend and share repurchase program enhancing shareholder value. Cisco's sticky business model and diversified revenue streams, including a significant increase in annualized recurring revenue and remaining performance obligations, position it for future growth.
Melius Research analyst Ben Reitzes increases his price target on Cisco to $66 from $53.
Keith Snyder notes weakness in Cisco's (CSCO) public sector exposure but believes confidence from management shows the company has room to run to the upside. William Kerwin expects a "normalized demand environment" for the industry to favor Cisco in the long-term.