We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cisco Systems (CSCO) Advances But Underperforms Market: Key Facts
Read MoreHide Full Article
In the latest trading session, Cisco Systems (CSCO - Free Report) closed at $56.16, marking a +0.59% move from the previous day. The stock lagged the S&P 500's daily gain of 1.23%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, added 1.43%.
Heading into today, shares of the seller of routers, switches, software and services had gained 6.32% over the past month, outpacing the Computer and Technology sector's loss of 0.04% and the S&P 500's loss of 0.54% in that time.
Market participants will be closely following the financial results of Cisco Systems in its upcoming release. The company plans to announce its earnings on November 13, 2024. In that report, analysts expect Cisco Systems to post earnings of $0.87 per share. This would mark a year-over-year decline of 21.62%. Meanwhile, the latest consensus estimate predicts the revenue to be $13.76 billion, indicating a 6.17% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.56 per share and revenue of $55.61 billion, which would represent changes of -4.56% and +3.36%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Cisco Systems. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.23% lower. As of now, Cisco Systems holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Cisco Systems is holding a Forward P/E ratio of 15.7. This expresses a premium compared to the average Forward P/E of 14.21 of its industry.
It's also important to note that CSCO currently trades at a PEG ratio of 3.76. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Networking industry had an average PEG ratio of 1.23 as trading concluded yesterday.
The Computer - Networking industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 32, finds itself in the top 13% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cisco Systems (CSCO) Advances But Underperforms Market: Key Facts
In the latest trading session, Cisco Systems (CSCO - Free Report) closed at $56.16, marking a +0.59% move from the previous day. The stock lagged the S&P 500's daily gain of 1.23%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, added 1.43%.
Heading into today, shares of the seller of routers, switches, software and services had gained 6.32% over the past month, outpacing the Computer and Technology sector's loss of 0.04% and the S&P 500's loss of 0.54% in that time.
Market participants will be closely following the financial results of Cisco Systems in its upcoming release. The company plans to announce its earnings on November 13, 2024. In that report, analysts expect Cisco Systems to post earnings of $0.87 per share. This would mark a year-over-year decline of 21.62%. Meanwhile, the latest consensus estimate predicts the revenue to be $13.76 billion, indicating a 6.17% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.56 per share and revenue of $55.61 billion, which would represent changes of -4.56% and +3.36%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Cisco Systems. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.23% lower. As of now, Cisco Systems holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Cisco Systems is holding a Forward P/E ratio of 15.7. This expresses a premium compared to the average Forward P/E of 14.21 of its industry.
It's also important to note that CSCO currently trades at a PEG ratio of 3.76. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Networking industry had an average PEG ratio of 1.23 as trading concluded yesterday.
The Computer - Networking industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 32, finds itself in the top 13% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.