Cisco’s Transition Is Still a Work In Progress
Cisco (NASDAQ: CSCO), as I have previously written, is facing numerous growth headwinds, as its premier networking hardware is becoming more commoditized. The company recently reported its fiscal fourth quarter results, and there were some scary-looking numbers embedded in the release, as well as rather pessimistic guidance numbers.
However, Cisco is still by far the biggest brand in networking, with roughly 33% market share, according to Synergy Research Group. Moreover, management also had useful explanations behind the numbers as the company shifts from hardware to a bundled service and subscription offering. Here are the main concerns, as well as how management intends to cope with industry change.
Image source: Getting Images.
Source: Fool.com
Cisco Systems Inc. Stock
We see a rather positive sentiment for Cisco Systems Inc. with 11 Buy predictions and 2 Sell predictions.
With a target price of 56 € there is a positive potential of 27.23% for Cisco Systems Inc. compared to the current price of 44.02 €.
