Ge Long Hui·2025-08-14 08:33Core Viewpoint - Goldman Sachs reported that Cisco Systems' fourth-quarter revenue and earnings per share exceeded expectations, but the earnings forecast for the current fiscal year is between $4.00 and $4.06, compared to the market expectation of $4.02 [1] Financial Performance - Cisco's revenue guidance for the current fiscal year is set between $59 billion and $60 billion, with a median growth of 5% year-over-year, aligning with the earlier guidance of 4% to 6% growth [1] Investor Sentiment - Goldman Sachs believes that investor expectations for the current fiscal year's revenue guidance may have upward potential, reflecting the equipment replacement cycle in campuses and contributions from artificial intelligence, although the outlook is slightly disappointing [1] Earnings Forecast - Goldman Sachs raised its average earnings per share forecast for Cisco over the next three fiscal years by 5%, based on sustained strong demand in product segments and lower sales costs aligning with the company's gross margin guidance [1] Target Price and Rating - Goldman Sachs currently sets a target price of $71 for Cisco Systems, maintaining a "Neutral" rating [1]