Cisco's stock rises despite market slip, with positive earnings forecast and strong business outlook.

From NASDAQ: 2024-12-26 17:45:22

Cisco Systems (CSCO) closed at $59.98, up 0.22% from the previous day, outperforming the S&P 500. Stock has risen 0.94% in the past month. Earnings forecast for upcoming release is $0.91 EPS and $13.86 billion revenue. Zacks Rank holds at #3 (Hold). Forward P/E ratio at 16.43, higher than industry average.

Investors anticipate Cisco Systems’ earnings report, expecting positive estimate revisions. Stock performance correlated with estimate changes. Zacks Rank system indicates positive business outlook. Valuation shows premium Forward P/E ratio. Computer – Networking industry PEG ratio at 3.63, above industry average. Zacks Industry Rank at 78, top 32% of industries.

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Read more at NASDAQ: Cisco Systems (CSCO) Increases Despite Market Slip: Here’s What You Need to Know