Cisco Systems, Inc. (NASDAQ:CSCO) will release earnings results for its third quarter, after the closing bell on Wednesday, Nov. 13.
Analysts expect the San Jose, California-based bank to report quarterly earnings at 87 cents per share, down from $1.11 per share in the year-ago period. Cisco projects to report revenue of $13.77 billion for the recent quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in nine straight quarters.
Cisco shares gained 0.1% to close at $58.71 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- JP Morgan analyst Samik Chatterjee upgraded the stock from Neutral to Overweight and raised the price target from $55 to $66 on Nov. 11. This analyst has an accuracy rate of 71%.
- Citigroup analyst Atif Malik upgraded the stock from Neutral to Buy and raised the price target from $52 to $62 on Oct. 16. This analyst has an accuracy rate of 83%.
- Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $76 to $78 on Oct. 14. This analyst has an accuracy rate of 77%.
- Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and raised the price target from $55 to $60 on Sept. 20. This analyst has an accuracy rate of 80%.
- New Street Research analyst Pierre Ferragu upgraded the stock from Neutral to Buy with a price target of $57 on Aug. 15. This analyst has an accuracy rate of 78%.
Considering buying CSCO stock? Here's what analysts think:
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