From NASDAQ.: 2024-04-25 17:50:17

Cisco Systems (CSCO) closed at $48.10, down 0.52%, underperforming the S&P 500, which lost 0.46%. Prior to this, CSCO shares fell 2.85% in the past month, narrower than its sector and index. Analysts expect Q2 earnings on May 15 to decline by 17% year-over-year, with revenue dropping 14.62% to $12.44 billion.

Investors await Cisco Systems’ Q2 earnings report on May 15. Analysts predict a year-over-year decline in earnings to $0.83 per share, with revenue falling to $12.44 billion. Recent analyst estimates revisions can influence stock prices. The Zacks Rank system, currently at #4 (Sell) for Cisco Systems, reflects these changes in estimates.

Cisco Systems currently has a Forward P/E ratio of 13.15, lower than its industry average of 13.99, and a PEG ratio of 2.38. The Computer – Networking industry has a Zacks Industry Rank of 76, in the top 31% of industries. Utilize Zacks.com to track these metrics and make informed investment decisions.

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Read more at NASDAQ.: Why Cisco Systems (CSCO) Dipped More Than Broader Market Today