News Formal

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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

Cisco Systems Nyheter

William Kerwin,Organic Growth,Adjusted Earnings

Cisco Systems (CSCO) topped its fiscal third-quarter earnings estimates — adjusted earnings of $0.88 per share and revenue of $12.7 billion — while also...

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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’
Källa: globeandmail - 🏆 5. / 92 Läs mer »

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...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

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.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »