Cisco Systems (CSCO) Laps the Stock Market: Here’s Why
From Nasdaq: 2024-07-29 17:45:20
Cisco Systems (CSCO) closed at $47.99, up 0.23% from the previous day, outperforming the S&P 500. The company is set to announce earnings on August 14, 2024, with an expected EPS of $0.85 and revenue of $13.51 billion. Analysts suggest monitoring estimate revisions as they impact stock performance.
In terms of valuation, CSCO trades at a Forward P/E ratio of 12.92, lower than the industry average. The PEG ratio stands at 2.35, higher than the industry average of 1.07. The Computer – Networking industry, part of the Computer and Technology sector, ranks in the bottom 21%, according to Zacks Industry Rank.
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