From Nasdaq:

Cisco Systems Inc is set to release its Q2 FY’24 results on February 14, with a projected revenue of $12.8 billion, slightly ahead of estimates but a 6% decline year-over-year. Supply chain issues eased, with revenue rising 8% in Q1 FY’24, but customers focus on implementing previous purchases may impact Q2 revenue.

While Cisco has seen improvements in gross margins, the stock has shown inconsistent returns in recent years, underperforming the S&P 500 in 2022 and 2023. However, Cisco is considered undervalued, trading at 13x consensus earnings for FY’23, and its focus on recurring revenue and cybersecurity could be positive in the long term.

As a final note, it’s important to remember that the views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more: Down 6% In Last 3 Months, Will Cisco Stock See A Recovery Following Q2 Results?