'Cisco Likely Represents A Safe Place To Park Money If Concerned About A Recession, But Not A Great Place If You Are Expecting Interest Rate Cuts': Analyst
Cisco Systems(CSCO) Benzinga·2024-08-16 01:55Cisco Systems, Inc CSCO stock gained in Wednesday after-hours trading after the company reported upbeat fourth-quarter earnings. The stock price maintained the upward trajectory on Thursday.The results came amid an exciting earnings season. Here are some key analyst takeaways.Cisco reported fiscal fourth-quarter revenue of $13.64 billion, exceeding the analyst consensus estimate of $13.537 billion. The company reported adjusted EPS of $0.87, topping analyst consensus estimates of $0.85.Needham analyst Alex ...