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Stock impact report

Evercore ISI Sees High-Single-Digit Revenue Growth Ahead for Cisco (CSCO) [Yahoo! Finance]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On January 26, Evercore ISI analyst Amit Daryanani upgraded Cisco Systems, Inc. (NASDAQ:CSCO) to Outperform from In Line and lifted his price target to $100 from $80. The shift reflects a more upbeat view on Cisco's growth path over the next several years. There is still debate over whether Cisco should be viewed as a cyclical or a secular story, but Evercore believes the setup is improving. The firm points to “plenty of tailwinds” that could keep revenue growing at a high single-digit pace while supporting low-teens EPS growth. Those drivers include a campus network refresh cycle, growing AI-related demand, a recovery in traditional enterprise and telecom spending, and expanding EBIT margins. With core networking rebounding and AI traction building, Evercore sees a path for Cisco to generate EPS above $5.00 by FY27. That same day, Cisco rolled out the Cisco 360 Partner Program, the result of roughly fifteen months of co-design work with its partners. Cisco's business has long been Show less Read more
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