The Street anticipates quarterly earnings of $1.03 per share, which would be a year-on-year increase of 19.8%. Revenues are expected to rise by 7.2% to $14.62 billion. Investors will be keen to hear the group’s guidance for the current fiscal year, especially after it announced a few weeks ago the launch of meeting room devices powered by NVIDIA’s AI engine.
(AI Video Transcript)
Cisco is a company that sells products and services related to technology. People are interested in how well Cisco is doing in the stock market right now. Analysts predict that Cisco will earn $1.03 for every share of stock, which would be a big increase compared to last year. They also expect Cisco to make a lot of money, with revenue of $14.62 billion. This is because they think people will buy more of Cisco’s products, like routers and switches, which make up most of their revenue.
The price chart
The chart shows that Cisco hasn’t been doing well recently, with the price of their stock going down. But this has happened before and Cisco’s stock has gone back up. So people are wondering if this will happen again when Cisco announces its earnings report.
Investors are curious about what Cisco will say about the future. They want to know if Cisco thinks it will make a lot of money in the coming year. This is especially interesting because Cisco recently started selling new products that use artificial intelligence. People think that these products will be very popular and make Cisco a lot of money.
If Cisco’s earnings are really bad, some people might decide to “short” the stock. This means that they sell their shares with the hopes of buying them back at a lower price. On the other hand, if Cisco’s earnings are really good, the price of the stock might go up a lot. In that case, the resistance or price level to watch for is $58.18, which is the highest price the stock reached in September. We will find out how Cisco is doing when they release their earnings report tonight after the stock market closes.