Cisco Expects Q2 Revenue Of $12.6B-$12.8B (Est. $14.19B), Adj EPS Of $0.82-$0.84 (Est. $0.99)
Portfolio Pulse from Benzinga Newsdesk
Cisco has provided guidance for its Q2 revenue to be between $12.6B and $12.8B, which is below the estimated $14.19B. The company also expects adjusted EPS to be $0.82-$0.84, lower than the estimated $0.99.
November 15, 2023 | 9:13 pm
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Cisco's Q2 revenue and adjusted EPS guidance are both below analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
Cisco's guidance indicates that the company's performance is not meeting market expectations, which typically results in a negative reaction from investors. The significant difference between the company's forecast and analysts' estimates suggests a higher likelihood of a negative short-term impact on the stock price.
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IMPORTANCE 90
RELEVANCE 100