Cisco Systems (CSCO) stock price today was down over 13% and hit a 52-week low. The earnings report indicated $0.87 in EPS and $12.8B in revenue. "The Cisco Systems product demand is there. Looking forward, the company mentioned the China shutdown and that they are only facing shortages on a small percentage of components," says Keith Snyder. CFRA maintains a strong buy rating on the CSCO stock. "The flat year-over-year revenue is an indication of slowing sales across several international markets. The major concern for Cisco is the slowing enterprise spend on digital infrastructure," adds Kevin Green.
19 May 2022
The Watch List
22 Jul 2022
Morning Trade Live
19 May 2022
Market On Close
27 Jun 2022
Morning Trade Live
26 May 2022
Morning Trade Live
31 May 2022