- Cisco Systems, Inc (NASDAQ:CSCO) stock is drawing attention despite marginally beating last week’s third-quarter consensus.
- The company clocked $14.57 billion in revenue, beating the consensus of $14.39 billion. It reported an EPS of $1.00, surpassing the estimates of $0.97.
- Cisco expects fourth-quarter revenue of $1.05 – $1.07 per share versus estimates of $1.04 per share. It sees full-year earnings of $3.80 – $3.82 per share versus estimates of $3.75.
- The company anticipates fourth-quarter revenue growth of 14% – 16% and full-year revenue growth of 10% – 10.5%.
- Analysts cautioned against Cisco’s market share loss in the networking industry and flagged its sharp decline in orders despite easing comps.
- In an interview on CNBC’s Mad Money, Chuck Robbins acknowledged Cisco as better positioned to tap the AI frenzy and has bagged some design wins for AI.
- Price Action: CSCO shares traded lower by 0.57% at $48.85 on the last check Monday.
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