Cisco Systems

Cisco Systems Announced The Intent To Acquire Isovalent To Bolster Its Secure Networking Capabilities Across Public Cloud; Expects Acquisition Close In Q3 2024.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We trim our 12-month target price by $5 to $55, 14.2x our FY 2024 (Jul.) EPS estimate, a slight discount to its three-year forward average P/E at 14.3x, reflecting its lower guidance. We cut our FY 2024 EPS estimate by $0.17 to $3.88 and trim FY 2025’s by $0.15 to $4.06. CSCO reported Oct-Q operating EPS of $1.11 vs. $0.86, $0.08 above the consensus. Oct-Q revenue was up 8%, led by Networking, with strength in switching on double-digit growth in campus and datacenter, and a 4% increase in the Security segment driven by zero trust and threat intelligence. While results were strong, its guidance came in weaker than expected due to a slowdown in orders, mostly from its large enterprise, service providers, and cloud customers, who currently

Cisco Systems (NASDAQ:CSCO) reported quarterly earnings of $1.14 per share which beat the analyst consensus estimate of $1.06 by 7.55 percent. This is a 37.35 percent increase over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $15.20 billion which beat the analyst consensus estimate of $15.05 billion by 1.00 percent. This is a 16.01 percent increase over sales of $13.10 billion the same period last year.

Cisco (NASDAQ:CSCO) Sees FY24 Adj. EPS $4.01-$4.08 Vs $4.04 Est., Revenue $57B-$58.2B Vs $58.38B Est.