Cisco Systems hits 52-week high, stock closed at $56.40 and expected to continue performing well.

From Nasdaq: 2024-10-18 10:59:00

Cisco Systems shares reached a 52-week high at $56.58 and closed at $56.40, up 11.6% year to date, outperforming the industry. Revenues for fiscal 2025 expected between $55 billion and $56.2 billion, with non-GAAP earnings disappointing. Cisco’s prospects ride on AI, cloud, and security investments, with a focus on innovative solutions and partnerships driving growth opportunities. Cisco stock is currently trading at a premium, but expanding portfolio and strong partner base make it a buy with a Zacks Rank of #2 (Buy).



Read more at Nasdaq: Cisco Hits 52-Week High: Is it The Right Time to Buy the CSCO Stock?