From Nasdaq: 2024-11-13 18:00:07

Cisco Systems reported revenue of $13.84 billion for Q1 2024, down 5.6% YoY, with an EPS of $0.91 compared to $1.11 last year. The revenue beat the Zacks Consensus Estimate by 0.57%, while EPS outperformed by 4.60%. Key metrics show a mixed performance, with product revenue down 9.2% and service revenue up 5.6%.

Investors analyze Cisco’s performance against Wall Street expectations, focusing on key metrics like product revenue, service revenue, and gross margins. Despite a year-over-year decline in product revenue, service revenue saw growth. Cisco’s stock has returned +8.6% over the past month, with a Zacks Rank #3 (Hold) indicating potential in line with the market.

Experts have identified 7 elite stocks, including Cisco, as Zacks Rank #1 Strong Buys most likely for early price pops. The list, beating the market by 2X since 1988, promises an average gain of +23.7% per year. Investors are urged to pay immediate attention to these hand-picked selections for potential growth.



Read more at Nasdaq: Compared to Estimates, Cisco (CSCO) Q1 Earnings: A Look at Key Metrics