Will Higher Software Sales, Splunk Deal Drive Cisco Stock Back To $60?
Forbes • 600 days
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Information
Cisco Systems Inc (NASDAQ: CSCO) currently trades at $47 per share, about 26% below its pre-inflatio...
Original sourceAI Summary
- CSCO stock is currently 26% below its high due to slowed product sales. - Revenue declined by almost 13% in Q3 FY'24 to $12.7 billion. - Trefis High Quality Portfolio outperformed the S&P 500 in recent years. - Current CSCO stock valuation is about $55 per share, 20% ahead of the market price. - Despite being undervalued, potential growth may be limited due to economic uncertainty. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis
Market-Moving
- CSCO stock is currently 26% below its high due to slowed product sales.
- Revenue declined by almost 13% in Q3 FY'24 to $12.7 billion.
- Trefis High Quality Portfolio outperformed the S&P 500 in recent years.
Key Facts
- CSCO stock is currently 26% below its high due to slowed product sales.
- Revenue declined by almost 13% in Q3 FY'24 to $12.7 billion.
- Trefis High Quality Portfolio outperformed the S&P 500 in recent years.
- Current CSCO stock valuation is about $55 per share, 20% ahead of the market price.
- Despite being undervalued, potential growth may be limited due to economic uncertainty.