Cisco Systems (CSCO) closed at $67.95, down 1.18% from the previous day. Its shares have risen by 5.62% in the last month, outperforming the Computer and Technology sector. Analysts expect earnings of $0.97 per share and revenue of $14.61 billion in the upcoming disclosure.
Investors are advised to watch Cisco Systems closely as it prepares to report earnings. Analysts have revised estimates recently, signaling potential changes in business trends. The Zacks Rank system, which rates stocks from #1 (Strong Buy) to #5 (Strong Sell), currently places Cisco Systems at #3 (Hold).
In terms of valuation, Cisco Systems has a Forward P/E ratio of 18.16, higher than the industry average. The company’s PEG ratio is 3.33, compared to the industry average of 1.04. The Computer – Networking industry, where Cisco Systems operates, ranks in the top 28% of all industries according to Zacks Industry Rank.
The demand for data is driving growth in the semiconductor market. One chipmaker, not NVIDIA, is poised to capitalize on this growth. Specializing in products that competitors don’t offer, this under-the-radar stock presents a unique investment opportunity. Visit Zacks.com for more stock insights during trading sessions.
Read more at Nasdaq: Cisco Systems (CSCO) Sees a More Significant Dip Than Broader Market: Some Facts to Know