Cisco raises annual revenue forecast [Yahoo! Finance Canada]
Cisco Systems, Inc. (CSCO)
Last cisco systems, inc. earnings: 2/12 04:05 pm
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Source: Yahoo! Finance Canada
demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven products. Companies have ramped up investments in AI technologies which require heavy computing power, creating a spike in demand for data centers, which use Cisco's products such as ethernet switches and routers. The company now expects annual revenue to be between $55.3 billion and $56.3 billion, compared with its earlier forecast of between $55.0 billion to $56.2 billion. Revenue fell 6% to $13.84 billion for the first quarter ended Oct. 26, compared with estimates of $13.77 billion. (Reporting by Jaspreet Singh in Bengaluru; Editing by Maju Samuel) Recommended Stories
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News
- AI could help scale humanitarian responses. But it could also have big downsides [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cisco Systems, Inc. (NASDAQ: CSCO) had its price target raised by analysts at Bank of America Co. from $60.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
- Intent Based Networking Market Surges to USD 2.05 Billion by 2030, Propelled by 24% CAGR - Verified Market Reports® [Yahoo! Finance]Yahoo! Finance
- Cisco Systems, Inc. (NASDAQ: CSCO) had its price target raised by analysts at Wells Fargo & Company from $57.00 to $60.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cisco Systems, Inc. (NASDAQ: CSCO) had its price target raised by analysts at UBS Group AG from $55.00 to $62.00. They now have a "neutral" rating on the stock.MarketBeat
CSCO
Earnings
- 11/13/24 - Beat
CSCO
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- CSCO's page on the SEC website