From Nasdaq: 2024-04-02 09:00:16

Cisco Systems (CSCO) has been a popular search on Zacks.com, with shares returning +1.9% in the past month. Analysts project earnings of $0.85 per share for the current quarter, down 15% year-over-year. For the next fiscal year, the consensus earnings estimate is $3.76, a +1.4% change from the previous year.

Zacks emphasizes the importance of earnings estimate revisions in determining a stock’s fair value. Cisco Systems is currently rated Zacks Rank #4 (Sell) due to recent changes in consensus estimates. The company’s revenue growth forecast for the current quarter indicates a year-over-year change of -15.5%.

In the last reported quarter, Cisco posted revenues of $12.79 billion, down -5.9% year-over-year, with an EPS of $0.87, exceeding consensus estimates. The company has beaten EPS and revenue estimates in the past four quarters, but is currently trading at a premium to its peers, receiving a Zacks Value Style Score of D.

Zacks experts have identified a “single best pick to double” in the stock market, highlighting a lesser-known chemical company with significant growth potential. Investors are encouraged to explore further details on the company and consider its position in the market.

Overall, while Cisco Systems presents some positive aspects for investors, including consistent earnings beats, the current valuation and Zacks Rank #4 indicate potential underperformance compared to the broader market. Investors are advised to conduct thorough research and consider all factors before making investment decisions.



Read more at Nasdaq: Investors Heavily Search Cisco Systems, Inc. (CSCO): Here is What You Need to Know