From Nasdaq: 2024-11-11 11:35:00

Cisco Systems is gearing up to announce its first-quarter fiscal 2025 results on Nov. 13. Revenue is expected to be between $13.65 billion and $13.85 billion, with earnings projected at 86-88 cents per share. Analysts forecast a 6.17% revenue decline year-over-year. The company is focusing on AI, cloud, and cybersecurity for growth, with a strong partner base including Meta Platforms and Microsoft. Cisco shares have underperformed the sector but outperformed the industry, with a Zacks Rank of #3 (Hold).

The networking giant Cisco has been facing challenges in its networking sales, resulting in sluggish growth. In Q4 fiscal 2024, revenues declined by 10.3% from the previous year. However, the company is seeing growth in its security segment, with strong demand for solutions like XDR. Cisco’s innovative portfolio, partnerships with companies like NVIDIA and AT&T, and investments in AI and cloud are expected to drive growth in the long term.

Despite facing short-term challenges, Cisco’s prospects remain strong due to its innovative portfolio and strong partner base. The company is actively investing in AI, cloud, and cybersecurity, with a focus on expanding its market presence. Cisco’s collaboration with industry leaders like Meta Platforms and Microsoft, along with its focus on cutting-edge technologies, positions it well for future growth. Download Nuclear to Solar: 5 Stocks Powering the Future to see Zacks’ top picks free today.



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