Is Cisco Systems Stock Outperforming the Nasdaq?

Core Insights - Cisco Systems, Inc. is a major player in the IP-based networking industry with a market capitalization of $301.2 billion, indicating its significant size and influence in the communication equipment sector [1][2]. Stock Performance - Cisco's stock reached an all-time high of $80.06 on November 20 and is currently trading 4.7% below that peak, with a 13.7% increase over the past three months, outperforming the Nasdaq Composite's 7.4% rise during the same period [3]. - Year-to-date, Cisco's stock has surged 28.9%, and over the past 52 weeks, it has increased by 29.9%, surpassing the S&P 500's gains of 19.2% and 20.8% respectively [4]. - The stock has consistently traded above its 200-day moving average since April and above its 50-day moving average since mid-October, indicating a bullish trend [4]. Financial Performance - Following the release of better-than-expected Q1 results on November 12, Cisco's stock prices rose by 4.6%. The company's revenues for the quarter grew 7.5% year-over-year to $14.9 billion, exceeding market expectations by 71 basis points [5]. - Adjusted earnings per share (EPS) increased by 9.9% year-over-year to $1, surpassing consensus estimates by 2% [5]. Competitive Position - Cisco has outperformed its peer, Hewlett Packard Enterprise Company, which experienced a 3.8% decline over the past 52 weeks [6]. - Among 23 analysts covering Cisco stock, the consensus rating is a "Moderate Buy," with a mean price target of $86.31, suggesting a 13.1% upside potential from current price levels [6].