Cisco Sees FY24 Adj. EPS $4.01-$4.08 vs $4.04 Est., Revenue $57B-$58.2B vs $58.38B Est.
Portfolio Pulse from Benzinga Newsdesk
Cisco has projected its FY24 adjusted EPS to be between $4.01 and $4.08, slightly below the estimated $4.04. The company also expects its revenue to be between $57B and $58.2B, which is lower than the estimated $58.38B.
August 16, 2023 | 8:07 pm
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NEGATIVE IMPACT
Cisco's lower than expected FY24 adjusted EPS and revenue projections may negatively impact its stock price in the short term.
Cisco's projected FY24 adjusted EPS and revenue are both below estimates. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100