Cisco Systems (CSCO) trending stock with +2.7% return, but earnings and revenue expected to decline

From Nasdaq: 2024-07-12 09:00:16

Cisco Systems (CSCO) is one of the most searched stocks on Zacks.com. With a +2.7% return over the past month, it belongs to the Zacks Computer – Networking industry, which has gained 2.2% in the same period. Analysts expect earnings of $0.85 per share for the current quarter.

Looking beyond media hype, Zacks focuses on earnings estimate revisions. Cisco is expected to post a year-over-year earnings decline of -25.4% for the current quarter, with a consensus estimate of $3.71 for the fiscal year. The stock currently holds a Zacks Rank #3 (Hold).

To gauge future performance, analysts also look at revenue growth forecasts. Cisco’s sales estimate of $13.51 billion for the current quarter reflects a -11.2% change year-over-year. Analysts predict a revenue decline of -5.8% for the current fiscal year.

Considered fairly valued relative to its peers, Cisco has a Zacks Value Style Score of C. This suggests that the stock may perform in line with the broader market in the near term. Investors should pay attention to other key factors before making investment decisions.



Read more at Nasdaq: Cisco Systems, Inc. (CSCO) Is a Trending Stock: Facts to Know Before Betting on It