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With a market capitalization of $270.6 billion, Cisco Systems, Inc. (CSCO) designs, manufactures, and sells Internet Protocol-based networking and other products related to the communications and information technology industries in the Americas and internationally.
The California-based company is set to release its fiscal Q4 earnings results on Wednesday, Aug. 13. Ahead of the event, analysts expect CSCO to report a profit of $0.80 per share, up 12.7% from $0.71 per share in the year-ago quarter. The company surpassed Wall Street’s bottom-line estimates in each of the past four quarters, which is impressive.
For the current year, analysts expect CSCO to report EPS of $3.06, down 1.9% from $3.12 in fiscal 2024.
CSCO stock has surged 45.6% over the past 52 weeks, outperforming the Technology Select Sector SPDR Fund’s (XLK) 14.5% surge and the S&P 500 Index’s ($SPX) 13.4% uptick during the same time frame.
On Jun. 16, CSCO stock gained over 1% in pre-market trading following an upgrade from Deutsche Bank analyst Matthew Niknam, from “Buy” to “Hold”, citing several positives, including “tailwinds from AI” and also raising its price target from $65 to $73.
The consensus opinion on CSCO stock is fairly bullish, with an overall “Moderate Buy” rating. Among the 23 analysts covering the stock, 14 advise a “Strong Buy” rating, one “Moderate Buy,” and eight suggest “Hold.” CSCO’s average analyst price target is $72.47, indicating a potential upside of 6.3% from the current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
