Cisco Systems

Cisco Systems (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals.

JPMorgan raised Cisco Systems(NASDAQ: CSCO) price target to $55 from $54

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JPMorgan analyst Samik Chatterjee raised his price target on Cisco Systems(NASDAQ: CSCO) to $55 from $54 and maintained a “neutral” rating. The analyst told investors in a research note that the magnitude of the growth in fiscal second-quarter results and the outlook for 2023 raise questions about the sustainability of Cisco’s growth. But the agency said expectations for peak revenue and profit growth in fiscal 2023, which the analyst expects unlikely to recur, justify attributing lower than historical average P/E ratios to lower earnings expectations.

JPMorgan raised Cisco Systems(NASDAQ: CSCO) price target to $55 from $54 Read Post »

Raymond James raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59

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Raymond James analyst Simon Leopold raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 and maintained an “outperform” rating. The analyst told investors in a research note that Raymond James was “pleasantly surprised” by Cisco’s strong outlook for fiscal third quarter and fiscal 23. The investment bank said the overall tone was optimistic, demand was healthy and the cancellation rate remained low.

Raymond James raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 Read Post »

Cisco Systems (NASDAQ: CSCO) reported Q2 2023 revenue of $13.6 billion, up 7% year-over-year

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February 15, 2023 Cisco Systems (NASDAQ: CSCO) today reported second quarter results for the period ended January 28, 2023. Q2 revenue was $13.6 billion, analysts expected $13.43 billion; Q2 product revenue was $10.16 billion, analysts expected $10.02 billion; Q2 Security and Agile Networks revenue was $6.75 billion, analysts expected $6.47 billion; Q2 services revenue was $3.44 billion, analysts expected $3.43 billion; full-year revenue was expected to grow 9%-10.5%, analysts expected to increase 5.7%. The company had previously expected growth of 4.5%-6.5%; Revenue is expected to rise 11%-13% in the fiscal third quarter, compared with analysts’ expectations of 5.8%. Q2 FY 2023 Highlights Total revenue was up 7% at $13.6 billion, with product revenue up 9% and service revenue was up 2%. Revenue by geographic segment was: Americas up 9%, EMEA up 5%, and APJC was up 1%. Product revenue performance was led by growth in Secure, Agile Networks up 14%, End-to-End Security up 7%, and

Cisco Systems (NASDAQ: CSCO) reported Q2 2023 revenue of $13.6 billion, up 7% year-over-year Read Post »

Cisco Systems (NASDAQ: CSCO) Price Target Raised to $55.00/Share From $52.00 by Morgan Stanley

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Morgan Stanley analyst Meta Marshall raised Cisco Systems (NASDAQ: CSCO) price target to $55 from $52 and maintained a “hold on the sidelines” rating, noting that Cisco’s fiscal second-quarter results and supply chain conditions were better than expected. The analyst added that the near-term focus will remain on releasing backlogs and fulfilling orders, with the company’s demand comments being more positive than the assessment.

Cisco Systems (NASDAQ: CSCO) Price Target Raised to $55.00/Share From $52.00 by Morgan Stanley Read Post »

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