'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
CSCOCisco Systems(CSCO) Benzinga·2024-08-16 01:55

Cisco 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 13.64billion,exceedingthe analystconsensusestimateof13.64 billion, exceeding the analyst consensus estimate of 13.537 billion. The company reported adjusted EPS of 0.87,toppinganalystconsensusestimatesof0.87, topping analyst consensus estimates of 0.85.Needham analyst Alex ...