Artificial intelligence will be a key factor driving the company's fundamentals higher, one researcher believes.An analyst recommendation upgrade was the news propelling the stock of Cisco Systems (CSCO 4.25%) skyward on Wednesday. Investors took the bullish new rating to heart, pushing into shares of the veteran computer networking company and sending them more than 4% higher in price. That performance was much better than the 0.5% rise of the S&P 500 index that day.Citi becomes bullishWell before market o ...

Group 1 - Cisco Systems Inc has a consensus price target of $56.88 based on the ratings of 28 analysts [1] - The highest price target is $78 issued by Tigress Financial on October 14, 2024, while the lowest is $44 from Citigroup on August 18, 2022 [1] - The three most recent analyst ratings were released by Citigroup, Tigress Financial, and Evercore ISI Group on October 16, 2024, October 14, 2024, and September 20, 2024, respectively [1] Group 2 - The average price target from Citigroup, Tigress Financial, and Evercore ISI Group is $66.67, indicating an implied upside of 18.89% for Cisco Systems Inc [1]

It looks like there is an increasing optimism about “no landing” optimism every week in the stock market because it keeps hitting all time highs despite the fact that the current valuation has already reached a far stretched levelAdvanced education in economics, business management and engineering. Professional experience with product management and development in high tech industry, including advisory with multiple fintech startups. Have been investing in growth companies since 1998. Recent interest of inv ...

In the latest trading session, Cisco Systems (CSCO) closed at $54.27, marking a +0.04% move from the previous day. This change lagged the S&P 500's 0.77% gain on the day. At the same time, the Dow added 0.47%, and the tech-heavy Nasdaq gained 0.87%.The the stock of seller of routers, switches, software and services has risen by 8.94% in the past month, leading the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 4.87%.The investment community will be closely monitoring the performanc ...

I included Cisco (NASDAQ: CSCO ) in a recent article that cited it as one of 11 Dow Industrials stocks I consider to be the "zero return club" in that they have produced near zero return for at least aThe stock market tells us a story…we just have to listen! That’s the mission of Sungarden Investment Publishing (SIP). Founder Rob Isbitts applies his more than 30 years of hands-on investing experience to dissect the market, bust common myths, and simplify the investment process for his audience. Our firm is ...

Company Performance - Cisco Systems (CSCO) closed at $52.73, with a +0.42% change from the previous day, underperforming the S&P 500's gain of 0.97% [1] - The stock has increased by 7.82% over the past month, lagging behind the Computer and Technology sector's gain of 8.21% and the S&P 500's gain of 5.41% [1] - Upcoming EPS is projected at $0.87, indicating a 21.62% decline compared to the same quarter last year, with revenue expected at $13.76 billion, down 6.22% from the prior-year quarter [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $3.56 per share, representing a -4.56% change from the prior year, while revenue is expected to be $55.61 billion, reflecting a +3.36% change [2] - Recent changes to analyst estimates are crucial as they indicate the evolving short-term business trends, with positive revisions suggesting a favorable outlook on the company's health and profitability [2] Valuation Metrics - Cisco Systems has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The Forward P/E ratio stands at 14.76, which is a premium compared to the industry's average Forward P/E of 14.21 [3] - The PEG ratio for CSCO is 3.37, significantly higher than the average PEG ratio of 1.2 for Computer-Networking stocks [3] Industry Overview - The Computer-Networking industry ranks in the top 41% of all industries, with a current Zacks Industry Rank of 103 [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

For Immediate ReleasesChicago, IL – October 8, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms, Inc. (META) , Cisco Systems, Inc. (CSCO) and Philip Morris International Inc. (PM) , Earth Science Tech, Inc. (ETST) and Frequency Electronics, Inc. (FEIM) .Here are highlights from Tuesday’s Analyst Blo ...

Group 1: Cisco Systems - Cisco Systems is a tech giant with a comprehensive portfolio of Internet Protocol-based networking products and services, serving various sectors including businesses, public institutions, and governments [2] - The company has a dividend yield of 3.03%, an annual dividend of $1.60, and a dividend increase track record of 13 years, indicating a commitment to shareholder value [3] - Cisco's current P/E ratio of 17.65 is below the industry average of 38.5, suggesting potential undervaluation of its future earnings [4] - Cisco's MarketRank score places it in the 98th percentile, indicating strong financial health and growth potential [4] Group 2: Dow Inc. - Dow Inc. is a global leader in specialty chemicals and advanced materials, offering a dividend yield of 5.06% and an annual dividend of $2.80, reflecting its commitment to shareholder returns [6][7] - The company has faced challenges but has seen a stock price increase of approximately 115% over the past four years, indicating a strong foundation for growth [8] - Dow's diversified product portfolio and focus on innovation drive its current valuation, with analysts predicting a 5% upside on the stock [8] Group 3: Chevron Corp. - Chevron Corp. is a leading integrated energy company with a dividend yield of 4.32% and a 37-year track record of increasing dividends, showcasing its stability [10][11] - The recent acquisition of Hess Corp. for $53 billion is expected to enhance Chevron's growth trajectory, despite facing legal challenges [11] - Chevron reported earnings of $4.4 billion for the second quarter of 2024, with a global production increase of 11%, demonstrating strong fundamentals [12]

Company Overview - Cisco Systems has agreed to invest in CoreWeave, a prominent AI startup valued at $23 billion [1] - CoreWeave is planning a secondary transaction allowing existing shareholders to sell $400 to $500 million in shares [1] - CoreWeave is considering an IPO as early as next year [1] - CoreWeave's investors include Nvidia, Magnetar Capital, Coatue Management, Jane Street, and Fidelity [1] - CoreWeave is an early adopter of Nvidia's data center graphic chips and is building data centers based on these chips to support AI-related computing tasks [1] Industry Dynamics - Cisco aims to ensure a major role for its technology in the rapidly expanding data center sector, which it believes will boost demand for its networking products [2] - CoreWeave initially started as a cryptocurrency mining company but transitioned to cloud computing services by leveraging large purchases of Nvidia graphic cards, strengthening its relationship with Nvidia over time [2] - Nvidia's support for CoreWeave could disrupt the current cloud computing market dominated by giants like Amazon AWS, Microsoft Azure, and Google Cloud, reflecting Nvidia's potential to influence the $2 trillion market [2]

Cisco Systems Inc. (CSCO, Financial) has announced a strategic investment in Coreweave, a cloud service provider, valuing the company at an impressive $23 billion. This move signifies Cisco's confidence in Coreweave's business model and growth prospects. Coreweave specializes in high-performance computing solutions tailored for diverse clients, capitalizing on cloud technology to offer scalable and efficient services.This investment underscores Cisco's commitment to expanding its influence in the rapidly gr ...