Cisco Systems outperformed the market with better-than-expected earnings, forecasting strong revenue growth

From Nasdaq: 2025-05-01 12:53:00

Cisco Systems, Inc. (CSCO) is a tech company with a market cap of $229.7 billion, offering a range of networking products and services. It has outperformed the market, with a 22.9% rally in the past 52 weeks. Despite a 2.5% YTD decline, CSCO remains strong compared to the S&P 500.

CSCO reported better-than-expected Q2 results, driving a 2.1% share price increase. Revenue grew 9.4% to $14 billion, with product revenue up 10.9% and services revenue up 5.6%. Adjusted EPS of $0.94 beat estimates by 3.3%. Looking ahead, fiscal 2025 revenue is projected between $56-$56.5 billion, with EPS between $3.68-$3.74.

Analysts forecast a 1.6% decline in CSCO’s EPS for the current fiscal year. The stock has a “Moderate Buy” consensus rating among 20 analysts, with a mean price target indicating a 20.7% upside potential. Evercore ISI maintains a “Buy” rating with a $67 price target, suggesting a 16.1% upside.



Read more at Nasdaq: Cisco Systems Stock: Analyst Estimates & Ratings