Professional
Added to YB: 2024-05-22
Pitch date: 2024-05-17
CSCO [bullish]
Cisco Systems, Inc.
+68.97%
current return
Author Info
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Company Info
Cisco Systems, Inc. designs, develops, and sells technologies that help to power, secure, and draw insights from the internet in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.
Market Cap
$314.2B
Pitch Price
$46.04
Price Target
70.00 (-10%)
Dividend
2.06%
EV/EBITDA
19.90
P/E
30.70
EV/Sales
5.69
Sector
Communications Equipment
Category
N/A
Cisco Systems, Inc.: Caution on network spending; reiterating BUY
CSCO: Beats Q3 rev & EPS but both declined YoY. Raised FY24 rev guidance slightly. Plans 5% workforce cut. Splunk acquisition to strengthen security offerings. Expects AI to drive network spending after current pause. Fairly valued at 12.8x forward P/E with $70 price target. 3.3% yield.
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