Cisco Systems closed slightly up, but underperformed the market and is projected to see a drop in EPS

From Nasdaq: 2024-07-16 17:45:19

Cisco Systems (CSCO) closed at $47.42, up +0.04%. The stock trailed behind the S&P 500 but outperformed the Computer and Technology sector. Analysts project a 25.44% drop in upcoming EPS to $0.85, with revenue estimated at $13.51 billion, an 11.15% decrease from last year.

Zacks Rank system gives Cisco Systems a #4 (Sell) rating. The stock currently has a Forward P/E ratio of 12.79 and a PEG ratio of 2.33, both in line with industry averages. The Computer – Networking sector is experiencing sluggish growth, with an average PEG ratio of 1.05.

Zacks highlights a top semiconductor stock poised for growth. With a PEG ratio based on strong earnings, this industry is expected to swell from $452 billion in 2021 to $803 billion by 2028. For more insights, visit Zacks.com for stock-impacting metrics and updates.



Read more at Nasdaq: Cisco Systems (CSCO) Rises Yet Lags Behind Market: Some Facts Worth Knowing