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5 big earnings hits: Analysts wary after Cisco's beat; retailers a mixed bag By Investing.com

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5 big earnings hits: Analysts wary after Cisco's beat; retailers a mixed bag

The company said adjusted earnings per share came to $1.14 - $0.08 better than consensus - on revenue of $15.2 billion which edged past the $15.05B average target.

CEO Chuck Robbins said on the earnings call that Cisco is poised for"further share gains" in campus switching, wireless LAN, and SP routing, having gained"over 3 percentage points of market share" vs. the prior year in those key areas, and believes the company is"super well positioned" on AI. BofA and KeyBanc highlighted the company's solid execution and innovation, but BofA sees"additional risk to estimates" given a"diminishing backlog contribution" that would necessitate a"significant order recovery throughout F24, which might not materialize." And KeyBanc is staying neutral until it sees"move consistent consistent signs of share gains and improved visibility into F2H24 order growth ramp.

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