What Is Going On With Cisco Tech Stock Monday

Cisco Systems, Inc CSCO stock is drawing attention despite marginally beating last week's third-quarter consensus.
The company clocked $14.57 billion in revenue, beating the consensus of $14.39 billion. It reported an EPS of $1.00, surpassing the estimates of $0.97.
Cisco expects fourth-quarter revenue of $1.05 - $1.07 per share versus estimates of $1.04 per share. It sees full-year earnings of $3.80 - $3.82 per share versus estimates of $3.75.
The company anticipates fourth-quarter revenue growth of 14% - 16% and full-year revenue growth of 10% - 10.5%.
Analysts cautioned against Cisco's market share loss in the networking industry and flagged its sharp decline in orders despite easing comps.
In an interview on CNBC's Mad Money, Chuck Robbins acknowledged Cisco as better positioned to tap the AI frenzy and has bagged some design wins for AI.
Price Action: CSCO shares traded lower by 0.57% at $48.85 on the last check Monday.

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