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Cisco is about to announce its Q4 financial report, and Credit Suisse gives it an "outperform" rating

智通财经2022-08-17

Credit Suisse analyst Sami Badri gave Cisco (CSCO.US) an "outperform" rating and a target price of $60. Cisco will announce its fourth quarter results for fiscal year 2022 after the U.S. stock market closes on Wednesday. Badri expects its revenue to be $12.54 billion, which is lower than the consensus of $12.78 billion; Earnings per share are expected to be $0.82, which is in line with consensus estimates. Badri also said that judging from last quarter's results, Cisco's service product orders may increase better than expected. Cisco shares are down 27% year to date, he noted. Investors on Cisco's Market...

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