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Cisco Systems Q3 Preview: Analysts Anticipate ‘Stabilizing Core Business Trends’

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Cisco Systems Inc (NASDAQ:CSCO) last month announced the launch of Hypershield for increasing the security of data centers and clouds.

The company is scheduled to report its fiscal third-quarter results on Wednesday. Here are some key analyst previews.

Piper Sandler On Cisco Systems

Analyst James Fish maintained a Neutral rating and price target of $51.

Cisco Systems’ booking trends have returned to their longer-term average and checks suggest a beat of around 1% for the quarter, Fish said in a note. The company’s Networking segment faces tough comps in the quarter, “offset slightly by easy Security and Collaboration compares,” he added.

This will be the first quarter to include a contribution …

Full story available on Benzinga.com

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