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.