Cisco Systems’ Bullish Odyssey: Pioneering The Future Of Technological Excellence

Summary:

  • The significant revenue growth of the Secure, Agile Networks segment is one of the crucial contributions to the rise in Cisco’s operating income margin year on year.
  • At the same time, at the end of the fourth quarter of fiscal 2023, the remaining authorization to buy back Cisco Systems shares amounted to $10.9 billion.
  • On November 15, Cisco Systems will publish its financial report for the first quarter of the fiscal 2024.
  • One of the company’s advantages relative to its peers in the technology sector is its extremely low debt, standing at about $9.45 billion at the end of July 2023, down $1.12 billion from the prior year.
  • We initiate our coverage of Cisco Systems with an “outperform” rating for the next 12 months.

Cisco Announces Quarterly Earnings

Justin Sullivan

Cisco Systems (NASDAQ:CSCO) is one of the largest multinational technology conglomerates in the world, occupying a leading position in the global telecom equipment market.

Investment thesis

The company provides software, routers, and switches, led by the Nexus 9000 series, which are


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