Cisco Q4 results could offer ‘slight beat,’ aided by Splunk: Piper Sandler
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- Cisco (NASDAQ:CSCO) is slated to report fiscal fourth-quarter results on Wednesday and Piper Sandler is expecting a “slight beat,” aided by Splunk.
- Shares rose nearly 1% in afternoon trading.
- Despite expectations of a “slight beat,” a more reasonable valuation and easier comparisons, estimates for the fiscal first-quarter of 2025 are still “too aggressive,” analyst James Fish said.
- “Cisco already provided a soft guide of low-to-mid single digit revenue growth for FY25 and ~32% OPM, and we expect the sales range to be largely reiterated (if not, potentially started at the low-end, vs. Street already at the high-end),” Fish added.
- A consensus of analysts expects Cisco to earn $0.85 per share on $13.54B in revenue for the coming quarter.