Cisco Systems, Inc.Short
CSCO - BEARISH SCENARIO
Cisco revised its yearly projections despite exceeding expectations in its fiscal first quarter, with a 9% stock decline afterward. The company reported adjusted EPS of $1.11 on $14.7 billion revenue, beating analyst predictions. Q2 projections are $0.82 to $0.84 EPS on 12.6B to 12.8B revenue, differing from estimates. Cisco adjusted its 2024 guidance to $3.87 to $3.93 EPS on 53.8B to 55.0B revenue, down from prior estimates. It anticipates a demand uptick in the latter half of the year after customers deploy recent products. Cisco remains committed to efficiency and shareholder returns.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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