Is Cisco Systems Stock Ready to Soar?
While many tech companies that serve enterprises are experiencing increasing caution from their customer bases, networking-hardware giant Cisco Systems (NASDAQ: CSCO) has been an exception. The company handily beat analyst expectations for the fiscal fourth quarter, which ended on July 29. Total revenue grew 16% year over year to $15.2 billion, while adjusted earnings per share shot up 37% to $1.14.
Shares of Cisco rose Thursday morning on the good news. Despite solid growth from the company over the past year, Cisco stock has barely edged out the S 500 in 2023. And over the past five years, it has lost badly to the broad stock market index.
With Cisco's business booming, should investors bet on a market-beating rally?
Source Fool.com
Cisco Systems Inc. Stock
€105.02
-0.060%
With 42 Buy predictions and not a single Sell prediction Cisco Systems Inc. is an absolute favorite of our community.
As a result the target price of 112 € shows a slightly positive potential of 6.65% compared to the current price of 105.02 € for Cisco Systems Inc..
