Cisco Systems, Inc. (CSCO)
The Worst May Be Over for Cisco After Beating Estimates in Q4
Cisco Systems NASDAQ: CSCO is a U.S. technology firm and is the world's largest company in the communications equipment industry. Shares have seen significant underperformance compared to its sector, down 4%.
Can Cisco Stock Rebound To $60?
Cisco stock currently trades at $48.50 per share, roughly 17% below its pre-inflation shock high of $58.70 seen on December 29, 2021. Cisco's product sales have witnessed a slowdown as customers focused on utilizing the inventory purchased post the Covid-19 pandemic.
This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Cisco Systems AI Play Gains Traction: Analysts Lead Stock Higher
Cisco Systems NASDAQ: CSCO Q4 results and guidance prove that its AI play was smart. Once a networking giant and now a networking and AI-powered data management platform, the company outperformed its guidance and analysts estimates, raised guidance, and the guidance is likely cautious.
Cisco Q4: Major Job Cuts With More Focus On AI, Cloud And Security (Rating Upgrade)
Cisco announced job cuts and a strategic shift towards AI and cybersecurity, aiming for $1 billion in pre-tax savings. Product orders grew 14% year-over-year, indicating recovery from inventory destocking issues. Revenue guidance for FY25 suggests 4.1% growth; DCF analysis values Cisco stock at $55 per share, with downside risks including Splunk integration and limited revenue from growth areas.
'Cisco Likely Represents A Safe Place To Park Money If Concerned About A Recession, But Not A Great Place If You Are Expecting Interest Rate Cuts': Analyst
Cisco Systems, Inc CSCO stock gained in Wednesday after-hours trading after the company reported upbeat fourth-quarter earnings. The stock price maintained the upward trajectory on Thursday.
Cisco gets back on track — and it could spur the stock's best day in 4 years
While Cisco shares CSCO have pared their morning gains, they're still up 6.9% in afternoon action — which would make for their best single-day percentage increase since Nov. 13, 2020, when they rose 7.1%.
Cisco: Surprisingly Positive Reaction, Still A Zombie
Cisco Systems stock has been stagnant for months, barely reaching $50 despite a recent pop. Revenues down 10% but services revenue up 6% with Splunk contributing $960 million. Margins improved but operating expenses up 12% and net income down 45%, cautious optimism for future Cisco performance.
Cisco shares head for best day since 2020 on earnings beat, plans to cut 7% of workforce
Cisco shares jumped on Thursday and headed for their best day since March 2020. The company announced Wednesday it's cutting 7% of its workforce and reported quarterly results that beat analyst estimates.
12 Quotes From Cisco Systems 4th Quarter Earnings That Every Investor Should Read
Cisco Systems (NASDAQ:CSCO) 4th quarter earnings beat analyst estimates with revenue surpassing $13 billion due to robust customer demand across AI, cloud, and cyber security.
Cisco (CSCO) Q4 Earnings Top Estimates, Revenues Fall Y/Y
Cisco's (CSCO) fiscal fourth-quarter results reflect weakness in the Networking segment, partially offset by strong Security and Services performance.
Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.
