Cisco Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Cisco Systems, Inc. CSCO is set to release earnings results for its third quarter, after the closing bell on May 15.

Analysts expect the San Jose, California-based company to report quarterly earnings at 82 cents per share, down from $1 per share in the year-ago period. Cisco is projected to post quarterly revenue of $12.53 billion, according to data from Benzinga Pro.

On March 25, Cisco announced new multifunctional collaboration devices for hybrid work.

Cisco shares rose 0.6% to close at $48.95 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• B of A Securities analyst Tal Liani upgraded the stock from Neutral to Buy and boosted the price target from $55 to $60 on April 15. This analyst has an accuracy rate of 76%.
• Deutsche Bank analyst Matthew Niknam maintained a Hold rating and increases the price target from $51 to $52 on April 9. This analyst has an accuracy rate of 63%.
• Piper Sandler analyst James Fish reiterated a Neutral rating and raised the price target from $47 to $51 on March 20. This analyst has an accuracy rate of 68%.
• Barclays analyst Tim Long maintained an Equal-Weight rating and boosted the price target from $46 to $48 on Feb. 15. This analyst has an accuracy rate of 74%.
• UBS analyst David Vogt maintained a Neutral rating and increased the price target from $54 to $55 on Feb. 12. This analyst has an accuracy rate of 79%.

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