Cisco Rises 11% in 3 Months: Buy, Sell or Hold the CSCO Stock?
CSCOCisco Systems(CSCO) ZACKS·2024-09-18 00:27

Cisco Systems (CSCO) shares have returned 11% in the past three months, underperforming the Zacks Computer & Technology sector’s drop of 4.4%. The outperformance can be attributed to CSCO’s improving near-term prospects, with strong AI-related order growth.Cisco shares are also trading above the 50-day and 200-day moving averages, indicating a bullish trend.For fiscal 2025, revenues are expected between 55billionand55 billion and 56.2 billion. Cisco reported revenues of $53.8 billion in fiscal 2024.CSCO’s 3-Month Pri ...