HomeInvestingEarningsCisco (CSCO) Could Present Opportunity Even With Reduced Outlook

Cisco (CSCO) Could Present Opportunity Even With Reduced Outlook

Cisco Systems (CSCO) is likely not a buy here, notes Frances Newton Stacy. She and William Kerwin discuss CSCO as shares plunge after a reduced outlook. CSCO’s FY24 EPS guidance is now $3.87-$3.93 from $4.01-$4.08 and revenue is now $53.8B-$55.0B from $57.0B-$58.2B. They talk about why CSCO stock could present an opportunity. Kerwin highlights that CSCO could see FY24 as more of a correction year. He mentions that he continues to like the company’s moat, profitability, and shareholder returns for long-term investors. They then go over names to watch in the networking segment. Tune in to find out more about the stock market today.

The Watch List

16 Nov 2023

SHARE

ON AIR
1:00 pm
The Watch List
12:00 am
Gamma On
REPLAY
12:30 am
Gamma On
REPLAY
1:00 am
Gamma On
REPLAY
1:30 am
Gamma On
REPLAY
2:30 am
Gamma On
REPLAY
3:00 am
Gamma On
REPLAY
3:30 am
Gamma On
REPLAY
4:00 am
Gamma On
REPLAY
5:00 am
Gamma On
REPLAY
6:00 am
Gamma On
REPLAY
7:00 am
Futures
8:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
ON AIR
1:00 pm
The Watch List
2:00 pm
Market On Close
3:30 pm
Market Overtime
REPLAY
4:00 pm
Trading 360
REPLAY
5:00 pm
Fast Market
REPLAY
6:00 pm
Next Gen Investing
REPLAY
7:00 pm
Gamma On
REPLAY
8:00 pm
Market Overtime
REPLAY
8:30 pm
Market Overtime
REPLAY
9:00 pm
Gamma On
REPLAY
education
10:00 pm
Inside the Mind of a Trader
REPLAY
education
10:30 pm
Inside the Mind of a Trader
REPLAY
education
11:00 pm
Inside the Mind of a Trader
REPLAY
education
11:30 pm
Your First Trade
REPLAY

Get the Market Minute

Daily insights for every investor