Cisco: 5K New Splunk Customers Means $1.4B In Potential Additional Revenue
Splunk(SPLK) seekingalpha.com·2024-05-19 21:37
HJBC/iStock Editorial via Getty Images Thesis In my previous article on Cisco Systems, Inc. (NASDAQ:CSCO), I reiterated my "strong-buy" rating on Cisco citing that according to my estimates, Cisco could miss estimates for 2024, 2025, and 2026 and it would still be undervalued if it beat on estimates for 2027-2029. Therefore, there was room for opportunities which was time in favor of Cisco. The concluding estimated fair price in that article was $67.87 and the future price for 2029 was $104.25. Cisco rel ...