From Nasdaq: 2024-11-08 09:15:14

Wall Street analysts predict Cisco Systems (CSCO) will report quarterly earnings of $0.87 per share, a 21.6% decrease YoY, with revenues expected to be $13.76 billion, down 6.2% from last year. Earnings projections play a crucial role in anticipating investor reactions to stock performance, with consensus estimates guiding short-term price movements.

Analysts anticipate specific metrics for Cisco, including ‘Revenue- Product’ at $9.90 billion (-11.1% YoY) and ‘Revenue- Services’ at $3.70 billion (+5% YoY). Additional forecasts include ‘Revenue- Product- Collaboration’ at $1.06 billion (-4.7% YoY) and ‘Non-Gaap Gross Margin- Service’ at $2.59 billion.

Cisco’s ‘Non-Gaap Gross Margin- Product’ is expected to reach $6.48 billion, compared to $7.41 billion in the same quarter last year. With shares returning +8.5% over the past month, Cisco holds a Zacks Rank #3 (Hold), indicating potential alignment with the overall market moving forward. Investors can access the full list of Zacks Rank #1 (Strong Buy) stocks for further insights.

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