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Cisco's Q1 Earnings: Expectations High
Description
Cisco gears up for Q1 earnings, with investors anticipating a 9.9% YoY revenue growth, a slight dip from last years 11.4%. Last quarter, they exceeded expectations with $15.35 billion in revenue, a 9.7% increase. Analysts remain optimistic, predicting Cisco will maintain its momentum. In the tech services sector, peers like Applied Digital and Gartner show mixed results, but Cisco leads with a 20.7% gain over the last month. Shares currently stand at $99.42, above the average analyst target of $89.54. Wednesdays report may sway investor sentiment.
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