Is Cisco Systems Stock Ready to Soar?
While many tech companies that serve enterprises are experiencing increasing caution from their customer bases, networking-hardware giant Cisco Systems (NASDAQ: CSCO) has been an exception. The company handily beat analyst expectations for the fiscal fourth quarter, which ended on July 29. Total revenue grew 16% year over year to $15.2 billion, while adjusted earnings per share shot up 37% to $1.14.
Shares of Cisco rose Thursday morning on the good news. Despite solid growth from the company over the past year, Cisco stock has barely edged out the S 500 in 2023. And over the past five years, it has lost badly to the broad stock market index.
With Cisco's business booming, should investors bet on a market-beating rally?
Source Fool.com
Cisco Systems Inc. Aktie
44,54 €
-0,77 %
Mehrere Buy-Einschätzungen bei Cisco Systems Inc., die die Sell-Zahlen überflügeln.
Das Kursziel von 53 € für Cisco Systems Inc. zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 44.54 € an.
