Cisco Systems (CSCO) Increases Despite Market Slip: Here's What You Need to Know

Group 1: Stock Performance - Cisco Systems (CSCO) closed at $59.98, reflecting a +0.22% change from the previous day, outperforming the S&P 500 which saw a loss of 0.04% [1] - Over the past month, CSCO's stock has increased by 0.94%, underperforming compared to the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 1.05% [7] Group 2: Earnings Forecast - Cisco is expected to report an EPS of $0.91, representing a 4.6% increase from the same quarter last year [2] - The consensus estimate for quarterly revenue is $13.86 billion, which is an 8.36% increase from the previous year [2] - For the entire year, the Zacks Consensus Estimates predict earnings of $3.64 per share and revenue of $55.93 billion, indicating changes of -2.41% and +3.95% respectively compared to the previous year [8] Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for Cisco Systems indicate a positive outlook, with the Zacks Consensus EPS estimate moving 0.05% higher in the last 30 days [3][4] - Cisco currently holds a Zacks Rank of 3 (Hold), which is indicative of a neutral outlook [4] - The Zacks Industry Rank places the Computer - Networking industry in the top 32% of all industries, suggesting a strong performance relative to others [11] Group 4: Valuation Metrics - Cisco Systems has a PEG ratio of 3.63, compared to the industry average PEG ratio of 1.38 [5] - The company is trading at a Forward P/E ratio of 16.43, which is a premium compared to the industry's average Forward P/E of 15.44 [10]