Cisco Systems (CSCO) closed the latest trading day at $46.27, with a 1.03% increase from the previous session. This rise exceeded the S&P 500’s daily gain of 1.02%, with the Dow also showing a 1.09% increase and the Nasdaq up by 1.18%.
In the past month, Cisco’s stock had a 0.07% increase, falling behind the Computer & Technology sector’s gain of 8.46% and the S&P 500’s gain of 4.44% during the same period.
Investors are waiting for Cisco Systems’ earnings report, with an expected EPS of $0.85, reflecting a 25.44% decrease from the previous year. Revenue is estimated to be $13.51 billion, lower by 11.15% compared to last year’s same quarter.
For the full year, Zacks Consensus Estimates predict earnings of $3.71 per share and revenue of $53.67 billion, indicating changes of -4.63% and -5.84%, respectively, from the previous year.
Analyst estimates changes for Cisco Systems can indicate short-term business trends, with positive revisions signaling optimism about the company’s outlook. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), considers such estimate changes to provide investors with actionable ratings.
With a Zacks Rank of #3 (Hold), Cisco Systems currently has a forward P/E ratio of 12.36, aligning with the industry average. The stock’s PEG ratio of 2.25 takes into account the expected earnings growth rate compared to the average PEG ratio for the Computer Networks sector, which stands at 1.
The Computer Networks industry, within the Computer and Technology sector, is ranked at 206 out of 250+ industries, placing it in the bottom 19%. The Zacks Industry Rank reveals that the top 50% of industries typically outperform the bottom 50% by a ratio of 2 to 1.
Investors can keep track of these metrics and more on Zacks.com to stay informed about how they impact stock performance. Zacks Investment Research offers further insights and recommendations for investors looking for potential opportunities in the market.
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