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. Stock
€44.39
0.650%
We see a rather positive sentiment for Cisco Systems Inc. with 12 Buy predictions and 1 Sell predictions.
With a target price of 56 € there is a positive potential of 26.15% for Cisco Systems Inc. compared to the current price of 44.39 €.
