Cisco Systems Set to Report First-Quarter Results

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Cisco Systems ($NASDAQ:CSCO) is set to report fiscal first-quarter results on November 16, and some Wall Street analysts are concerned about the IT giant, despite its low valuation and “ample backlog.” Meta Marshall, an analyst at Morgan Stanley who has an equal-weight rating and $48 price target on Cisco, noted the company’s backlog, supply constraints and low valuation set the stock up as a “more defensive holding” given the environment. Marshall added that estimates are achievable but Cisco’s exposure to international markets could be a concern. The company’s supply constraints, which have been an issue for several quarters, also appear to be easing, Marshall said.

Still, the analyst noted that Cisco’s international revenue growth has decelerated in recent quarters and is now below its U.S. growth rate. This could be a concern, given the current environment, Marshall said.

Market Price

Cisco Systems is set to report first-quarter results on Wednesday, and news coverage of the company has been mixed so far. On Wednesday, Cisco Systems stock opened at $44.9 and closed at $44.4, down by 1.1% from its last closing price of $44.9.

VI Analysis

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VI Peers

Its main competitors are Cognex Corp, Sercomm Corp, and Netgem SA. Cisco has a strong market share in the networking and communications equipment market, and is a well-known and respected brand.

– Cognex Corp ($NASDAQ:CGNX)

Cognex Corp is a technology company that specializes in the development and manufacture of machine vision products, software, and systems. The company’s products are used in a variety of industries, including automotive, consumer electronics, food and beverage, life sciences, logistics, and semiconductor. Cognex Corp has a market cap of 7.94B as of 2022, a Return on Equity of 11.66%. The company’s products are used in a variety of industries, including automotive, consumer electronics, food and beverage, life sciences, logistics, and semiconductor.

– Sercomm Corp ($TWSE:5388)

Sercomm Corporation is a world-leading communication device manufacturer. The company designs, develops, and manufactures a wide range of products for the telecommunications, enterprise networking, and security industries. Sercomm’s products are used in a variety of applications, including VoIP phone systems, video surveillance systems, and wireless networking.

Sercomm has a market capitalization of 19.35 billion as of 2022 and a return on equity of 12.06%. The company’s products are used in a variety of applications, including VoIP phone systems, video surveillance systems, and wireless networking. Sercomm is a world-leading communication device manufacturer.

– Netgem SA ($LTS:0N9W)

Netgem SA is a French company that provides broadband internet, digital television, and fixed-line telephone services to residential and business customers. The company has a market cap of 28.11M as of 2022 and a Return on Equity of -8.09%. Netgem SA offers a variety of services that allow customers to connect to the internet, watch digital television, and make phone calls. The company’s products and services are available in France, Spain, Belgium, Switzerland, and the United Kingdom.

Summary

Cisco Systems is set to report its first-quarter results on Wednesday, and investors are watching closely to see how the company is performing. Cisco is a leading provider of networking equipment and services, and its products are used by businesses and consumers around the world. The company has been under pressure in recent years as its traditional business of selling routers and switches has come under threat from newer companies such as Arista Networks and Juniper Networks.

Cisco has been working to transform its business to focus on software and services, and it has made a number of acquisitions in this area. Cisco’s results will give investors a better idea of how the company’s transformation is progressing.