On Nov 15, major Wall Street analysts update their ratings for $Cisco (CSCO.US)$, with price targets ranging from $62 to $66.
Morgan Stanley analyst Meta Marshall maintains with a buy rating, and adjusts the target price from $58 to $62.
Jefferies analyst George Notter maintains with a buy rating, and maintains the target price at $66.
Evercore analyst Amit Daryanani maintains with a buy rating, and adjusts the target price from $60 to $65.
Rosenblatt Securities analyst Michael Genovese maintains with a hold rating, and adjusts the target price from $58 to $66.
Furthermore, according to the comprehensive report, the opinions of $Cisco (CSCO.US)$'s main analysts recently are as follows:
Cisco's Q1 performance modestly surpassed expectations, primarily driven by Splunk's notable outperformance. Analysts note that the U.S. Federal segment is an important aspect to monitor, but overall, they remain bolstered in their positive stance on the company's prospects.
Cisco experienced a Q1 revenue decline that was marginally better than market expectations, with a decrease of 5.6% compared to the anticipated 6.1%. Earnings per share also surpassed consensus estimates. Guidance for FY25 revenue was increased by roughly $200 million, largely reflecting the positive results. The potential for growth acceleration in the latter half of the year is supported by robust order growth in Cloud/AI and Security segments. Updated business models reflect these enhancing business trends.
Cisco's product orders have shown an increase of 9%, which indicates a positive turn in the company's business trajectory. This growth follows a 6% rise in the previous quarter. Despite the unpredictability surrounding the timing of AI revenue recognition, expectations are set for it to commence in the latter half of 2025 based on company commentary. Furthermore, while the company's recent record gross margins and the forecasted range of 68%-69% for FY25 are encouraging, they warrant a cautious approach.
The recent fiscal Q1 report has led analysts to focus on Cisco's modest outperformance and updated guidance, which was balanced by better-than-anticipated artificial intelligence orders and positive developments in core networking orders. Despite this, the limited adjustment to the fiscal 2025 growth forecast and consistent AI guidance has been a point of contention. Nonetheless, the potential advantages for Cisco arising from the growing opportunities in AI networking and the enhancement of its valuation are seen as significant factors.
Cisco's fiscal Q1 sales performance met expectations while an outperformance in margins led to surpassing earnings projections. It was anticipated that order growth, excluding certain acquisitions, would be higher. Nonetheless, there is a sense that the business has found a stable footing. Despite this, growth prospects up to fiscal 2025 appear restrained, even when considering the lower baseline for comparison.
Here are the latest investment ratings and price targets for $Cisco (CSCO.US)$ from 4 analysts:
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美東時間11月15日，多家華爾街大行更新了$思科 (CSCO.US)$的評級，目標價介於62美元至66美元。
摩根士丹利分析師Meta Marshall維持買入評級，並將目標價從58美元上調至62美元。
富瑞集團分析師George Notter維持買入評級，維持目標價66美元。
Evercore分析師Amit Daryanani維持買入評級，並將目標價從60美元上調至65美元。
羅森布拉特證券分析師Michael Genovese維持持有評級，並將目標價從58美元上調至66美元。
此外，綜合報道，$思科 (CSCO.US)$近期主要分析師觀點如下：
思科的第一季表現略高於預期，主要受到splunk的顯着表現推動。分析師指出，美國聯邦領域是需要重點關注的重要方面，但總體上，他們對該公司前景持積極態度。
思科經歷了第一季度營業收入下降，比市場預期略好，下降了5.6%，而預期爲6.1%。每股收益也超過共識預期。FY25營業收入指引增加了大約20000萬美元，這在很大程度上反映了積極的成果。在雲/AI和安防領域訂單增長強勁的支持下，下半年增長加速的潛力得到了支持。更新的業務模式反映出了這些增強的業務趨勢。
思科的產品訂單增長了9％，這表明公司業務軌跡出現積極轉變。這一增長緊隨上一季度的6％增長。儘管人工智能營業收入確認的時間令人難以預測，但根據公司的評論，預計將於2025年下半年開始。此外，儘管公司最近的記錄毛利潤和FY25的預期範圍爲68％-69％令人鼓舞，但仍需要謹慎對待。
最近的財政第一季度報告引發了分析師對思科的適度超額表現和更新的指引的關注，這得以通過高於預期的人工智能訂單和核心網絡訂單積極發展來平衡。儘管如此，對於2025財年增長預期的有限調整和持續的人工智能指引一直是爭議點。儘管如此，從人工智能網絡增長的不斷出現的機會和其估值的提升中看到的潛在優勢被視爲重要因素。
思科的財政第一季度銷售業績符合預期，毛利率的超額表現導致超過收益預測。預計訂單增長，不包括某些收購，在意料之上。儘管如此，有一種感覺認爲業務已經找到了穩固的基礎。儘管如此，即使考慮到較低的基準進行比較，直至2025財年的增長前景似乎受到限制。
以下爲今日4位分析師對$思科 (CSCO.US)$的最新投資評級及目標價：
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