Cisco Systems (CSCO) gained slightly but underperformed, with upcoming lower expected earnings and revenue

From MarketWatch: 2024-08-06 17:45:19

Cisco Systems (CSCO) closed at $45.16, up 0.94% from the previous session, underperforming the S&P 500. The stock has dropped 2.87% in the past month, leading the sector’s loss. Earnings are set for August 14, with an expected EPS of $0.85 and revenue of $13.51 billion, a decline from last year.

Analyst estimates show positive revisions for Cisco Systems, reflecting optimism. The Zacks Rank system, currently at #2 (Buy), predicts stock performance based on these estimates. With a forward P/E of 12.65, CSCO is in line with its industry average. The PEG ratio stands at 2.3, higher than the industry average of 0.97.

The Computer – Networking sector, which Cisco belongs to, ranks in the top 35% of all industries. Zacks Industry Rank of 88 evaluates industry groups’ performance, with top-ranked industries outperforming the lower half. Stay updated through Zacks.com for stock-shifting metrics and more.

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Read more at MarketWatch: Here’s Why Cisco Systems (CSCO) Gained But Lagged the Market Today