Cisco (CSCO) Stock Forecast for 2023 – 2026. Sell or Buy?

The chart below shows the historical price of Cisco stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Cisco stock price can be found in the table below.

Long-term forecasts by years.

Investment Perspective

Cisco Systems, a leading company that supplies high-demand software, routers, and switches — dominated by its popular Nexus 9000 series — continues to hold its ground in the fierce global data center equipment market. The main assets of Cisco’s wide array of solutions and technologies are their distinguished arena of high performance, enviable scalability, and dependable data transmission. These attributes have led the company to a positive impact on earnings per share (EPS).

Another key factor contributing to Cisco exceeding analysts’ anticipated EPS over recent years is a wisely executed share buyback program instituted by the company’s management. As of the second fiscal quarter in 2023, the cash flow portion allocated for this purpose has remained stable. By July 29, 2023, Cisco Systems had repurchased roughly $1.42 billion worth of its shares. Given authorization to purchase an additional $10.9 billion in shares by the end of this fiscal year, this strategy might offer protection against any adverse impact on share prices triggered by short-sellers if the geopolitical dispute between Hamas and Israel expands into neighboring countries – an area where Cisco’s R&D centers are located.

Finally, we can’t ignore another intriguing investment candidate: Oracle Corp., which we’re beginning coverage on with an “outperform” rating thanks to their effective creation and initiation of AI-based products and services which generate substantial interest from retail and institutional investors. Secure, Agile Networks – one of Oracle’s subsidiaries – posted impressive figures in Q4 of fiscal year 2023 as revenue skyrocketed to $8.125 billion – a growth of 7.6% from last quarter and an extraordinary jump by 33.3% compared to last year – primarily driven by soaring demand for their wireless solutions and enterprise routing equipment.

Cisco Systems: Emerging as a Wall Street Champion – Navigating Through Fiscal Projections & Q4 FY23’s Surprising Upswing

Let’s dive into the recent buzz around Cisco Systems on Wall Street, and explore how they’ve been topping the charts, particularly following their encouraging Q4 results within the 2023 fiscal year. We’ll also cast a glance towards potential progress in the first half of fiscal year 2024.

Investors were pleasantly surprised as Cisco Systems’ profits rose dramatically. Major stakeholders investing heavily in Cisco include Vanguard Group, Blackrock, State Street, Geode Capital Management, and Charles Schwab Investment Management; who collectively control around 26.47% of the company’s shares.

Cisco’s acquisition of Splunk initially raised some eyebrows in financial circles due to doubts regarding its positive effect on Cisco’s fiscal health. However, skeptics were caught off guard when institutional investors continued buying shares without any hesitation.

Cisco didn’t just weather the tumultuous macroeconomic landscape of Q4 FY23 – it flourished. With an impressive EPS that exceeded analysts’ expectations coupled with a consistent rise in yearly revenue growth, Cisco effectively demonstrated the success of their business strategy.

Enthusiasm is mounting as we approach November 15th, when Cisco Systems will reveal their financial report card for Q1 FY24. The outlook appears largely optimistic – Seeking Alpha predicts that this quarter’s revenue will range between $14.58 billion and $14.8 billion—indicating an overall expected profit growth of 7.3% compared to last year and exceeding previous quarter’s forecasted profits by 2.8%.

Keeping a close eye on these figures suggests that their total revenue may reach approximately $14.7 billion. This projected surge in annual revenue can be attributed to increased demand for products like Catalyst 9000 series and Nexus 9000 series along with WiFi-6 products as well as amplified service revenue coming from both Americas and EMEA segments.

Official site of the company

Cisco last paid dividends on 01/03/2024. The next scheduled payment will be on 01/24/2024. The amount of dividends is $1.55 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.