Why 2017 was a Year to Forget for Cisco Systems, Inc.
Cisco's (NASDAQ: CSCO) 14% rally this year seemed decent for a "mature" tech company, but it still trailed the S&P 500's 16% gain. Cisco might eventually catch up by the end of the year, but its fiscal 2017 was still mostly a year to forget for its long-term investors. Let's look back at the five major factors that weighed down the networking hardware giant's stock this year.
Cisco posted a 3% sales decline, or a 2% drop after excluding the sale of set-top box business, in fiscal 2017. Its net income fell 11%, and its EPS -- barely lifted by buybacks -- slumped 10%. Looking ahead, analysts expect Cisco's revenues to stay flat this year, and for its earnings to rise less than 2%.
Image source: Cisco.
Source: Fool.com
Cisco Systems Inc. Stock
€44.11
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With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 56 € shows a positive potential of 26.97% compared to the current price of 44.11 € for Cisco Systems Inc..
