From Nasdaq: 2024-04-10 17:50:19

In the latest trading session, Cisco Systems (CSCO) closed at $49.21, down 1.6% from the previous day. The stock underperformed the S&P 500, which had a 0.95% loss. Looking ahead, Cisco is set to announce its earnings on May 15, with projected EPS of $0.85 and revenue of $12.31 billion, both down around 15%.

Analysts forecast full-year earnings for Cisco Systems at $3.71 per share and revenue of $52.59 billion, reflecting drops of 4.63% and 7.74%, respectively, from last year. Recent estimate revisions are closely tied to share price momentum, and Cisco currently holds a Zacks Rank of #4 (Sell).

With a Forward P/E ratio of 13.49, Cisco Systems is trading at a discount compared to its industry average. The stock also boasts a PEG ratio of 1.93, while the industry’s average PEG ratio is 1.16. The Computer – Networking sector, to which Cisco belongs, has a Zacks Industry Rank of 98, placing it in the top 39% of industries.

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Read more at Nasdaq: Cisco Systems (CSCO) Registers a Bigger Fall Than the Market: Important Facts to Note