Cisco_ F2Q25 (Jan-end) Review_ Cyclical Recovery Momentum Confirmed in Results_ Outlook; Impact of Key Investor Concerns Lower Than Feared; Reiterate OW. Thu Feb 13 2025

J P M O R G A N North America Equity Research 12 February 2025 Cisco F2Q25 (Jan-end) Review: Cyclical Recovery Momentum Confirmed in Results/ Outlook; Impact of Key Investor Concerns Lower Than Feared; Reiterate OW Cisco's F2Q25 (Jan-end) results ticked many of the boxes, including: 1) Reinforcing the improvement in the demand cycle with revenue and order trends from all customer verticals improving on an underlying basis; 2) Revenue upsides for Core Networking driving greater confidence in upsides for FY25 ...