From Nasdaq: 2024-05-02 17:45:16

Cisco Systems (CSCO) closed at $46.79, down -0.11% from the previous session, lagging behind the S&P 500. Before today, shares had dropped 3.9% in the past month. Cisco Systems is set to report earnings on May 15, with projected EPS of $0.83 and revenue of $12.47 billion, marking a decline from last year. Analysts are closely monitoring any changes in estimates for the company, with Cisco Systems currently holding a Zacks Rank #4 (Sell).

Cisco Systems is currently trading at a Forward P/E ratio of 12.74, showing a discount to the industry average. It also has a PEG ratio of 2.3, compared to the industry’s average of 1.15. The Computer – Networking industry, part of the Computer and Technology sector, ranks in the top 31% of industries. Investors can track these metrics on Zacks.com.

Zacks Investment Research has identified 7 stocks as the “Most Likely for Early Price Pops”, all Zacks Rank #1 Strong Buys. These stocks have outperformed the market with an average gain of +24.2% per year since 1988. Investors can access the full list and latest recommendations on Zacks.com.



Read more at Nasdaq: Cisco Systems (CSCO) Stock Dips While Market Gains: Key Facts