From Nasdaq: 2024-04-26 17:45:18

Cisco Systems (CSCO) closed at $47.86, down 0.5% from the previous day, while the S&P 500 gained 1.02%. Cisco’s stock has decreased by 3.63% in the last month, exceeding the sector loss of 5.32%. Analysts predict an EPS of $0.83 for Cisco’s upcoming earnings report on May 15, 2024, down 17% from the previous year.

Investors are awaiting the upcoming earnings report for Cisco Systems, predicting a decrease in EPS and revenue. Analysts are closely monitoring estimate changes, as positive alterations often signal future stock performance. Despite holding a Zacks Rank of #4 (Sell) currently, Cisco is trading at a discount compared to the industry average.

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Read more at Nasdaq: Cisco Systems (CSCO) Stock Declines While Market Improves: Some Information for Investors