Cisco Systems Inc. (NASDAQ:CSCO) shares are up Wednesday morning as traders position for the company’s fourth-quarter earnings report.
- Cisco Systems stock is building positive momentum. Why is CSCO stock advancing?
What To Watch For In Cisco’s Earnings Report
Cisco is set to report fourth-quarter earnings after the market close on Wednesday, with Wall Street watching closely to see if the networking giant can extend its streak of earnings beats and offer robust forward guidance.
Analysts expect the company to report adjusted earnings per share of $1.17 on revenue of roughly $16.82 billion, a performance that would surpass the record $15.84 billion posted in the third quarter.
Trading just shy of its all-time high of $130.37 following a nearly 60% year-to-date rally, Cisco enters the print under heightened market scrutiny, leaving little room for operational missteps.
The substantial run-up has positioned forward-looking guidance and management commentary on artificial intelligence networking demand as the key catalysts for a potential upside breakout. Sustained valuation support will hinge on whether Cisco can demonstrate accelerating momentum in its next-generation infrastructure business.
CSCO Stock Price Movement During Premarket
CSCO Stock Price Activity: Cisco Systems shares were up 1.74% at $122.52 during premarket trading on Wednesday, according to Benzinga Pro data.
Image: Shutterstock
Login to comment