Cisco Systems Is 'A Shelter In The Storm': 5 Analysts Deep Dive Into FQ4 Print
Portfolio Pulse from Priya Nigam
Cisco Systems Inc (NASDAQ:CSCO) reported higher-than-expected revenues and earnings for its fiscal fourth quarter, leading to a rise in its share price. Analysts from Morgan Stanley, Needham, Oppenheimer, KeyBanc Capital Markets, and JMP Capital Markets provided their insights on the results. While some analysts raised their price targets and maintained positive ratings, others reiterated their hold ratings, citing concerns about the depletion of backlogs and future growth.
August 17, 2023 | 3:06 pm
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Cisco Systems reported strong Q4 earnings, leading to a rise in its share price. However, analysts have mixed views on the company's future growth, with some raising price targets while others express concerns about the depletion of backlogs.
Cisco Systems reported higher-than-expected Q4 earnings, which is a positive signal for the company's performance and led to a rise in its share price. However, some analysts expressed concerns about the depletion of backlogs and future growth, which could potentially impact the company's stock price in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100