CISCO REPORTS THIRD QUARTER EARNINGS

Argus Reiterates Buy Rating on Cisco (CSCO)

Argus analyst Jim Kelleher reiterated a Buy rating and $70.00 price target on Cisco (NASDAQ: CSCO).

The analyst comments "BUY-rated Cisco Systems Inc. (NGS: CSCO) fell 2% in a positive market on 5/16/24 after the company reported fiscal 3Q24 revenue and non-GAAP EPS that edged past consensus... More

Cisco (CSCO) PT Raised to $57 at Wells Fargo

Wells Fargo analyst Aaron Rakers raised the price target on Cisco (NASDAQ: CSCO) to $57.00 (from $52.00) while maintaining a Equal Weight rating.

The analyst comments "Although we maintain a positive long-term view on Cisco's subscription model execution and incremental webscale traction, several... More

Evercore ISI Positive on Cisco (CSCO)

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $55.00 price target on Cisco (NASDAQ: CSCO).

The analyst comments "Cisco reported a Apr-qtr that was better than expected on the top and bottom line, including a notable gross margin beat. The Jul-qtr guide looks largely in-line although Splunk integration makes it difficult to compare consensus numbers. Order numbers were a key positive in the quarter as they were flat (ex-Splunk) compared to a 12% decline in the prior... More

Cisco Systems (CSCO) Tops Q3 EPS by 5c, Offers Guidance

Cisco Systems (NASDAQ: CSCO) reported Q3 EPS of $0.88, $0.05 better than the analyst estimate of $0.83. Revenue for the quarter came in at $12.7 billion versus the consensus estimate of $12.48 billion.

GUIDANCE:

Cisco Systems sees Q4 2024 EPS of $0.84-$0.86, versus the consensus of... More