Earnings Outlook For Cisco Systems

Cisco Systems (NASDAQ:CSCO) is set to give its latest quarterly earnings report on Wednesday, 2024-11-13. Here's what investors need to know before the announcement.

Analysts estimate that Cisco Systems will report an earnings per share (EPS) of $0.87.

The market awaits Cisco Systems's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings History Snapshot

Last quarter the company beat EPS by $0.02, which was followed by a 6.8% increase in the share price the next day.

Market Performance of Cisco Systems's Stock

Shares of Cisco Systems were trading at $58.63 as of November 11. Over the last 52-week period, shares are up 10.04%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Take on Cisco Systems

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Cisco Systems.

The consensus rating for Cisco Systems is Buy, derived from 11 analyst ratings. An average one-year price target of $58.73 implies a potential 0.17% upside.

Peer Ratings Comparison

In this analysis, we delve into the analyst ratings ...