- Cisco Systems (CSCO, Financial) exceeds AI order expectations, hitting a significant milestone in the third quarter.
- Wall Street analysts forecast an average 11.66% upside potential for Cisco stock.
- GuruFocus analysis suggests an alternative perspective with a potential downside.
Cisco Systems (CSCO) showcased a strong third-quarter performance, notably surpassing its artificial intelligence (AI) order targets with impressive sales exceeding $600 million. This achievement pushes the company's year-to-date totals beyond the $1 billion mark. CEO Chuck Robbins emphasized the company's growth in revenue and earnings per share, alongside strategic partnerships in AI, further strengthening Cisco's position as a leader in AI networking solutions.
Wall Street Analysts Forecast
Reflecting on the insights from 17 analysts, Cisco Systems Inc (CSCO, Financial) has an average one-year price target of $68.44. This includes a high estimate of $80.00 and a low estimate of $55.43. The average target indicates a potential upside of 11.66% from the current trading price of $61.29. Investors looking for more detailed forecast data can explore the Cisco Systems Inc (CSCO) Forecast page.
With input from 23 brokerage firms, Cisco Systems Inc's (CSCO, Financial) average brokerage recommendation stands at 2.3, categorized as "Outperform." This recommendation scale ranges from 1, implying a Strong Buy, to 5, which suggests a Sell.
GuruFocus Value Perspective
According to GuruFocus estimates, the projected GF Value for Cisco Systems Inc (CSCO, Financial) in the next year is $55.64. This points towards a potential downside of 9.22% from the current price of $61.29. The GF Value represents GuruFocus' fair value estimate, derived from historical trading multiples and projections of the company's growth and performance. Investors can access more comprehensive data on the Cisco Systems Inc (CSCO) Summary page.
