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Evercore ISI Reiterates Outperform Rating on Cisco (CSCO)

November 11, 2024 5:54 AM EST

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $60.00 price target on Cisco (NASDAQ: CSCO)

The analyst comments "ALL YOU NEED TO KNOW: Cisco is set to report earnings November 13th after close. We think they should report upside in the quarter and potentially guide Jan-qtr ahead of street expectations. We also think that FY25 will eventually be increased although unclear if they will do this in their FQ1. Current Jan-qtr/FY25 revenue estimates likely underestimate the... More