Cisco (CSCO, Financial) has entered into a Memorandum of Understanding with G42, a globally recognized technology enterprise based in the United Arab Emirates. This agreement sets the stage for a strategic partnership focused on enhancing AI innovation and infrastructure development across various sectors. The collaboration will explore areas such as a joint Go-to-Market strategy, utilizing Cisco's secure AI offerings and solutions in conjunction with G42's regional expertise and global presence. This aims to facilitate the spread of AI technologies within and beyond the UAE.
Moreover, both companies plan to investigate the development and implementation of AI-driven cybersecurity solutions. They also aim to create a reference architecture that incorporates Cisco’s networking, security, and infrastructure capabilities, tailored specifically for high-performance computing environments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Cisco Systems Inc (CSCO, Financial) is $68.44 with a high estimate of $80.00 and a low estimate of $55.43. The average target implies an upside of 10.97% from the current price of $61.67. More detailed estimate data can be found on the Cisco Systems Inc (CSCO) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Cisco Systems Inc's (CSCO, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cisco Systems Inc (CSCO, Financial) in one year is $55.62, suggesting a downside of 9.81% from the current price of $61.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cisco Systems Inc (CSCO) Summary page.
