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Is Most-Watched Stock Cisco Systems, Inc. (CSCO) Worth Betting on Now?
Cisco SystemsCisco Systems(US:CSCO) ZACKSยท2024-12-02 19:30

Core Viewpoint - Cisco Systems (CSCO) has gained attention as one of the most searched stocks, prompting analysis of factors influencing its near-term performance [1] Earnings Estimates - For the current quarter, Cisco is expected to report earnings of $0.90 per share, reflecting a year-over-year increase of +3.5% [5] - The Zacks Consensus Estimate for the current fiscal year is $3.63, indicating a year-over-year decline of -2.7% [5] - For the next fiscal year, the consensus earnings estimate is $3.89, showing a year-over-year increase of +7.1% [6] - The consensus earnings estimate has seen a +4.6% increase over the last 30 days for the current quarter and a +2.6% increase for the current fiscal year [5][6] Revenue Growth - The consensus sales estimate for the current quarter is $13.86 billion, representing a year-over-year increase of +8.4% [9] - For the current and next fiscal years, sales estimates are $55.94 billion and $58.07 billion, indicating year-over-year changes of +4% and +3.8%, respectively [9] Recent Performance - Cisco reported revenues of $13.84 billion in the last quarter, a year-over-year decrease of -5.6% [10] - The EPS for the same period was $0.91, down from $1.11 a year ago, but exceeded the Zacks Consensus Estimate of $13.76 billion, resulting in a revenue surprise of +0.57% [10] - Cisco has consistently beaten consensus EPS and revenue estimates over the past four quarters [10] Valuation - Cisco holds a Zacks Rank of 3 (Hold), suggesting it may perform in line with the broader market in the near term [7][15] - The Zacks Value Style Score for Cisco is graded C, indicating it is trading at par with its peers [14]