What Is Going On With Cisco Tech Stock Monday
Portfolio Pulse from Anusuya Lahiri
Cisco Systems (CSCO) reported Q3 revenue of $14.57 billion, beating consensus estimates of $14.39 billion, and an EPS of $1.00, surpassing estimates of $0.97. The company expects Q4 revenue growth of 14%-16% and full-year growth of 10%-10.5%. However, analysts caution against market share loss in the networking industry and a decline in orders.
May 22, 2023 | 2:44 pm
News sentiment analysis
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NEUTRAL IMPACT
Cisco beats Q3 estimates but faces concerns over market share loss and declining orders in the networking industry.
Cisco's better-than-expected Q3 results may have a positive impact on its stock price. However, concerns over market share loss and declining orders in the networking industry could offset the positive sentiment, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100