Cisco Systems (CSCO) closed the most recent trading session at $47.45, up 1.26% from the previous day. This performance exceeded the S&P 500’s daily gain of 0.09%. However, the stock has only risen by 1.69% over the past month, trailing behind the Computer & Technology sector’s gain of 6.18% and the S&P 500’s gain of 3.38%.
Investors are eagerly awaiting Cisco Systems’ upcoming earnings release, with expectations of an EPS of $0.85, a 25.44% decline from the previous year. Revenue is also anticipated to decrease by 11.15% to $13.51 billion. Analysts are projecting full-year earnings of $3.71 per share and revenue of $53.67 billion, representing declines of 4.63% and 5.84% from the prior year.
Recent analyst estimates for Cisco Systems have shown positive revisions, signaling positive short-term business trends. This highlights a potentially promising outlook for the company’s stock prices. The Zacks Rank, which incorporates these estimate changes, currently rates Cisco Systems as a Hold (Zacks Rank #3).
In terms of valuation, Cisco Systems is trading at a Forward P/E ratio of 12.64, in line with the industry average. The PEG ratio, including expected earnings growth, stands at 2.3, higher than the industry average of 1.43.
The Computing – Networking industry, where Cisco Systems operates, is ranked at 233 out of 250+ industries, indicating it is in the bottom 8%. However, industry rankings show that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
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