Cisco beat earnings, but when will it start to 'augment' growth?

Morningstar Equity Analyst William Kerwin calls demand slumps for Cisco up until now a symptom of the"COVID hangover" and may take another quarter for demand to fully stabilize.

And so we've been calling this a bit of a COVID hangover if you will, for that networking demand, we think it'll come back uh in 2025 but probably another quarter or so here of that weakness. But Cisco's organic security and observable businesses have been under performing peers and the broader cybersecurity market for a few years now.

And so that's a big number, but against a, you know, roughly $50 billion top, we don't think it will be a significant contributor to overall firm results in the medium term.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Cisco Systems CEO says his company is ready to leverage artificial intelligenceCisco is investing in what Chuck Robbins foresees will be a ‘decade-long run with AI’
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Delivery Firm Getir, Once Valued at $12 Billion, Weighs Sales and Market Exits(Bloomberg) -- Getir, once a darling of the delivery startup world valued at $12 billion, is weighing asset sales and potential exits from non-core markets...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Delivery Firm Getir, Once Valued at $12 Billion, Weighs Sales and Market ExitsGetir, once a darling of the delivery startup world valued at $12 billion, is weighing asset sales and potential exits from non-core markets as it faces pressure from investors to cut its losses.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »