Cisco Systems, Inc. (CSCO)
Cisco Gains Ahead Of Q1 Earnings As JPMorgan Projects Networking Market Recovery In 2025
Shares of Cisco Systems Inc. CSCO climbed on Monday, with its rally expected to carry through year-end as the company prepares to announce Q1 earnings on Wednesday.
Analyst Upgrades Cisco Systems Stock
Shares of digital communications technology firm Cisco Systems Inc (NASDAQ:CSCO) are 1.6% higher in pre-market trading following a lofty bull note.
JPMorgan upgrades Cisco to Overweight on early demand recovery
JPMorgan upgraded Cisco to Overweight from Neutral with a price target of $66, up from $55. The firm sees "further headroom for upside in the medium term" despite the recent rally in the shares. It sees earnings upgrades for Cisco from the recovery cycle in enterprise networking demand, which JPMorgan says is still in the early stages as evidence from recent earnings reports of peer companies. The stock offers "modest room for upside" to the valuation multiple, particularly during a period with ramping demand momentum, the analyst tells investors in a research note. JPMorgan is mindful that Cisco's quarterly results "can be choppy in the early stages of a recovery" and is more focused on the opportunity for medium-term upsides from the evidence of the cyclical recovery in enterprise networking.
Cisco upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Cisco to Overweight from Neutral with a $66 price target.
Gear Up for Cisco (CSCO) Q1 Earnings: Wall Street Estimates for Key Metrics
Evaluate the expected performance of Cisco (CSCO) for the quarter ended October 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Cisco Systems, Inc. (CSCO) Is a Trending Stock: Facts to Know Before Betting on It
Cisco (CSCO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Cisco Systems (CSCO) Advances But Underperforms Market: Key Facts
In the most recent trading session, Cisco Systems (CSCO) closed at $56.16, indicating a +0.59% shift from the previous trading day.
Cisco Systems (CSCO) Stock Declines While Market Improves: Some Information for Investors
Cisco Systems (CSCO) closed the most recent trading day at $55.28, moving -0.83% from the previous trading session.
Investors Heavily Search Cisco Systems, Inc. (CSCO): Here is What You Need to Know
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.
Top Wall Street analysts are upbeat on these dividend stocks
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Cisco and Diamondback Energy
Cisco Systems: AI And Upside Potential Make Them A High Conviction Beyond 2025
Cisco Systems is poised for growth in 2025 and beyond due to strong fundamentals, AI investments, and attractive valuations as interest rates decline. Despite past underperformance, Cisco's recent earnings beat estimates, and management is focused on growth in AI, cloud, and cybersecurity. Cisco's strong balance sheet, double-digit product order growth, and strategic acquisitions like Splunk support a buy rating with potential upside to $62.
Cisco: Why Analysts Are Targeting 35% Gains By Christmas
Shares of Cisco Systems Inc CSCO have been making headlines for all the right reasons with their multi-month rally, which has added 30% since August. Though still short of its pandemic-era highs, the tech titan is continuing to gain momentum, and expectations are building accordingly as we head into the final few months of the year.
