Cisco Systems (CSCO) Earnings Beat On EPS And Revenue

Cisco Systems (CSCO) total revenue grew 7% Y/Y beating estimates by 1.8%, says Jim Fish of Piper Sandler. He points out with supply chain issues impacting gross profit margin, top-line upside only resulted in $0.83 EPS. Piper Sandler has a neutral rating and stock price target of $49 on Cisco.

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Cisco Systems (CSCO) Earnings Beat On EPS And Revenue

Cisco Systems (CSCO) total revenue grew 7% Y/Y beating estimates by 1.8%, says Jim Fish of Piper Sandler. He points out with supply chain issues impacting gross profit margin, top-line upside only resulted in $0.83 EPS. Piper Sandler has a neutral rating and stock price target of $49 on Cisco.