4 Opportunities Cisco Pessimists Need to Know About
Shares of Cisco (NASDAQ: CSCO) fell 4% on Aug. 17 after the networking-hardware giant reported mixed fourth-quarter numbers and soft guidance for the current quarter. Cisco's revenue fell 4% year-over-year to $12.13 billion, which narrowly beat expectations but marked its seventh-straight quarter of year-over-year declines.
Cisco's switching and routing revenue -- 44% of its top line -- both fell 9% annually. Those declines were partly offset by its 5% and 3% sales growth in its wireless and security businesses, respectively. Unfortunately, the security unit's single-digit growth marked a disappointing slowdown from its double-digit growth in prior quarters. Its earnings fell 3%, to $0.61 per share, which merely matched analyst expectations.
Source: Cisco.
Source: Fool.com
Cisco Systems Inc. Stock
We see a rather positive sentiment for Cisco Systems Inc. with 16 Buy predictions and 2 Sell predictions.
With a target price of 53 € there is a positive potential of 23.18% for Cisco Systems Inc. compared to the current price of 43.03 €.
