Cisco Systems, Inc. (CSCO)
Cisco raises annual revenue forecast
Cisco Systems raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven products.
Earnings Preview: What To Expect From Cisco Systems
Cisco Systems is scheduled to report earnings after Wednesday's close. In 2000, the stock hit a record high near $82/share and is currently trading near $60/share.
Cisco Reports Earnings Today. Expectations Are High After the Stock's Rally.
Analysts surveyed by FactSet expect the company to post earnings of 87 cents a share on revenue of $13.78 billion.
AI startup CoreWeave closes $650 million secondary share sale, with Cisco joining as investor
CoreWeave, a cloud provider specializing in Nvidia graphics processing units, announced a $650 million secondary share sale, with Cisco and Pure Storage joining financial investors. The Nvidia-backed startup has committed to spending nearly $9 billion on data center capacity from bitcoin miner Core Scientific.
CSCO "Wait and See Story" for A.I.
Daniel Kern says Cisco is "not an exciting growth story," but expects a "good chance for some upside" in its earnings after hours. According to Daniel, its stock can move more sharply to the upside if guidance favors A.I.
Cisco Earnings Preview: Is Old Tech Starting To Find A Bid?
Cisco reports their fiscal Q1 '25 financial results after the closing bell on Wednesday, November 13, '24. Analyst consensus expects revenue of $13.77 billion (-6% y-o-y growth), operating income of $4.5 billion (-16% y-o-y growth) and EPS of $0.87 (-22% y-o-y growth). This fiscal Q1 '25 is the last tough “compare” Cisco has against last year's “inventory overhang”, and the forward estimates are looking for better growth from the networking giant. The stock is completely uncorrelated to the S&P 500's bull market over the last 15-17 years, or since the March 9, 2009 generational lows for the S&P 500.
Cisco Set to Report Q1 Earnings: Buy, Sell or Hold CSCO Stock?
CSCO's first-quarter fiscal 2025 performance is likely to reflect sluggishness in the networking domain, partially offset by growth in the Security business.
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.
