From Nasdaq: 2024-05-08 17:45:12

Cisco Systems (CSCO) closed trading at $48, up 1.52%. Dow rose 0.44%, Nasdaq fell 0.18%. Stock down 5.46% in the past month, lagging sector and S&P 500. Earnings to be announced on May 15, 2024, with projected EPS of $0.83 and revenue of $12.47 billion for the quarter.

Investors should watch for analyst forecast revisions for Cisco Systems. Estimate changes can indicate business momentum and impact stock prices. Use Zacks Rank system to assess estimate changes. Cisco Systems currently has a Zacks Rank of #4 (Sell).

Cisco Systems traded at a Forward P/E ratio of 12.86, in line with industry average. PEG ratio of 2.32 suggests expected earnings growth. Industry rank at 155 out of 250+, in bottom 39%. Top 50% rated industries historically outperform the bottom half 2 to 1.

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Read more at Nasdaq: Cisco Systems (CSCO) Stock Moves 1.52%: What You Should Know