Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Cisco expected to benefit from improving campus switching market, Citi says

admin by admin
January 17, 2025
in Stock
0
Cisco expected to benefit from improving campus switching market, Citi says
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Investing.com – Cisco Systems (NASDAQ:CSCO) is expected to benefit from improving dynamics in the market for hardware deployed on campuses to connect end-user devices, according to analysts at Citi.

In a note to clients on Friday adding the stock to its upside 30-day catalyst watch, the analysts led by Atif Malik said demand for so-called campus switches, which account for about a fifth of Cisco’s sales, is estimated to have returned to growth in the calendar fourth quarter of 2024 thanks to normalizing inventory levels.

Cisco has recently been grappling with headwinds like supply chain snags and a post-pandemic sluggishness at its crucial networking gear business.

But Malik argued that the anticipated improvement in campus switching, along with an “undemanding” comparative figure in the calendar fourth quarter of 2023 and two three-month periods of sequential growth, set Cisco up “to achieve its January quarter guidance” and potentially raise its full-year 2025 revenue outlook.

The comments come after Cisco forecast quarterly revenue and profit above Wall Street estimates in November, fueled in large part by an artificial intelligence-powered uptick in demand for networking gear.

The firm sees its January quarter revenue at between $13.75 billion to $13.95 billion, higher than analysts’ average projections of $13.73 billion, Reuters reported, citing LSEG data. Adjusted quarterly profit, meanwhile, is tipped to be in a range of $0.89 to $0.91, versus estimates of $0.87.

Cisco’s sales dropped by 6% to $13.84 billion in the first quarter ended on October 26, although the return was still above expectations of $13.77 billion. Adjusted income per share came in at $0.91.

For its current fiscal year, Cisco estimates adjusted profit of $3.60 to $3.66 on revenue of $55.3 billion to $56.3 billion.

(Reuters contributed reporting.)

This post appeared first on investing.com

Previous Post

Apple pauses AI news summaries due to accuracy concerns

Next Post

Fed may pause rate cuts in January amid inflation concerns tied to Trump’s policies: Reuters poll

admin

admin

Next Post
Fed may pause rate cuts in January amid inflation concerns tied to Trump’s policies: Reuters poll

Fed may pause rate cuts in January amid inflation concerns tied to Trump’s policies: Reuters poll

Trending News

Exxon gets extension on Sakhalin-1 stake sale to 2026

Exxon gets extension on Sakhalin-1 stake sale to 2026

December 9, 2024
Humacyte stock may fail to sustain today’s gains: find out more

Humacyte stock may fail to sustain today’s gains: find out more

December 21, 2024
LATAM crypto news: Meli Dólar debuts in Chile, and Bolivia quits its plan to buy fuel with cryptocurrency

LATAM crypto news: Meli Dólar debuts in Chile, and Bolivia quits its plan to buy fuel with cryptocurrency

April 19, 2025
Subscribe to Insightful Word


    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025
    Dow Futures soar as Wall Street bulls charge toward record highs

    Dow Futures soar as Wall Street bulls charge toward record highs

    June 27, 2025
    Morningstar lifts Netflix target but warns shares remain overvalued

    Morningstar lifts Netflix target but warns shares remain overvalued

    June 27, 2025

    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025

    Latest News

    • Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high
    • Nike shares jump on improved outlook, shift from China; analysts see recovery
    • Dow Futures soar as Wall Street bulls charge toward record highs

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.