Cisco Systems' Q3 earnings showed a slight increase in revenue and beat analysts' expectations on both the top and bottom lines. The company's product revenue declined during the quarter, but is expected to show growth with the recent close of their acquisition Splunk. Cisco's well-covered dividend and frequent buybacks make it an attractive investment, especially with its low forward P/E ratio.
Cisco stock is lower Thursday even after the tech giant's beat-and-raise quarter. Here's what you need to know.
Cisco's (CSCO) fiscal third-quarter results reflect weakness in the Networking segment, partially offset by strong Security and Services performance.
Cisco is on rise following the robust third-quarter fiscal 2024 results. ETFs with the largest allocation to this networking giant is also on the move.
Cisco Systems' NASDAQ: CSCO headwinds are diminishing, opening the door to a rebound and sustainable rally that could lift the share price by double-digits. While end-market inventory normalization is still underway in the networking segment, other segments are growing, and the integration of Splunk is progressing well.
Cisco Systems Inc (NASDAQ:CSCO) beat fiscal third-quarter earnings and revenue expectations, and also issued strong 2024 and fourth-quarter revenue forecasts.