Cisco Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Cisco Systems, Inc. (NASDAQ:CSCO) is expected to report Q1 FY2024 earnings of $1.03 per share, up from $0.86 the previous year, with revenue estimated at $14.62 billion versus $13.31 billion. The company has also agreed to acquire Splunk for $28 billion. Ahead of the earnings call, analysts have revised their price targets for Cisco, with most maintaining a Neutral rating and one maintaining an Outperform rating. Cisco's stock closed up 1.8% at $53.17.
November 15, 2023 | 3:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cisco's anticipated positive earnings report and recent acquisition of Splunk suggest potential short-term stock price growth. Analysts' revised price targets and ratings indicate confidence in the company's performance.
The positive earnings forecast compared to the previous year, along with the strategic acquisition of Splunk, are likely to be viewed favorably by investors. The stock's recent uptick and analyst upgrades further support a short-term positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100