HomeTechSoftwareCisco (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
6:00 pm
Fast Market
replay
12:00 am
Fast Market
REPLAY
education
1:00 am
Your First Trade
REPLAY
1:30 am
Next Gen Investing
REPLAY
education
2:30 am
Your First Trade
REPLAY
3:00 am
Trading 360
REPLAY
4:00 am
Fast Market
REPLAY
5:00 am
Next Gen Investing
REPLAY
education
6:00 am
Your First Trade
REPLAY
6:30 am
Trading 360
REPLAY
7:30 am
Fast Market
REPLAY
8:30 am
Next Gen Investing
REPLAY
9:30 am
Market Overtime
REPLAY
10:00 am
Trading 360
REPLAY
11:00 am
Fast Market
REPLAY
12:00 pm
Next Gen Investing
REPLAY
education
1:00 pm
Your First Trade
REPLAY
1:30 pm
Trading 360
REPLAY
2:30 pm
Fast Market
REPLAY
3:30 pm
Next Gen Investing
REPLAY
4:30 pm
Market Overtime
REPLAY
5:00 pm
Trading 360
REPLAY
ON AIR
6:00 pm
Fast Market
REPLAY
7:00 pm
Next Gen Investing
REPLAY
8:00 pm
Market Overtime
REPLAY
8:30 pm
Trading 360
REPLAY
9:30 pm
Fast Market
REPLAY
10:30 pm
Next Gen Investing
REPLAY
education
11:30 pm
Your First Trade
REPLAY

Get the Market Minute

Daily insights for every investor

coming soon

We are now

coming soon

We are now