Cisco snaps six straight sessions of gains

Cisco Systems (NASDAQ:CSCO) shares snapped six straight sessions of gains, as the stock closed 2.1% lower at $47.39 on Thursday.

The San Jose, California-based company gained over 3% in the preceding six sessions. Overall, the stock has lost more than 4% so far this year, compared to the nearly 16% rise in the broader S&P 500 Index.

CSCO is up 1% over the past one month. The stock closed 0.6% higher on Wednesday at $48.45.

Looking at Seeking Alpha’s Quant Rating, CSCO has a Hold rating with a score of 3.28 out of 5. The company received A+ in the prospect of profitability, while it got an F in growth.

Turning to the Wall Street community, eight analysts gave CSCO a Buy and above. 20 analysts have given the stock a Hold recommendation, and no one recommended Sell or lower.

Seeking Alpha analysts are also bullish and see the stock as a Buy.

“Cisco’s EPS revisions are mixed, but potential growth opportunities in AI could lead to a higher valuation amid subdued expectations,” said Seeking Alpha analyst Mike Zaccardi.

However, another Seeking Alpha analysis pointed out that the company appears to have lagged behind its peers due to a lack of innovative offerings, while it faces significant challenges due to intense competition in cybersecurity, intense competition in cybersecurity and an inability to innovate as customers migrated to the cloud.