Cisco Sees FY25 Non-GAAP EPS $3.52-$3.58 vs. $3.70 Est., Revenue $55.0B-$56.2B vs. $55.68B Est.
Portfolio Pulse from Benzinga Newsdesk
Cisco has provided its financial outlook for FY25, projecting non-GAAP EPS between $3.52 and $3.58, which is below the estimated $3.70. The company also forecasts revenue between $55.0 billion and $56.2 billion, slightly below the estimated $55.68 billion.
August 14, 2024 | 8:07 pm
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NEGATIVE IMPACT
Cisco's FY25 financial outlook shows non-GAAP EPS and revenue projections below market estimates, which may lead to a negative short-term impact on the stock price.
The lower-than-expected EPS and revenue projections for FY25 suggest that Cisco may face challenges in meeting market expectations, likely leading to a negative short-term reaction from investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100