Cisco's AI Expansion and Cloud Growth Drive Analyst Upgrades And Price Hikes, Citing Growth Like Extreme & Juniper

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Cisco's AI Expansion and Cloud Growth Drive Analyst Upgrades And Price Hikes, Citing Growth Like Extreme & Juniper - Benzinga

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Also Read: Iron Mountain Q4 Earnings: Storage And Data Center Revenue Growth, Dividend Climbs 10%, Strong 2025 Outlook

Cisco Systems expects third-quarter EPS of 90 cents-92 cents, versus the 92 cent estimate, and revenue of $13.9 billion-$14.1 billion, versus the $13.86 billion estimate.

JP Morgan: Cisco’s second-quarter results reinforced the improvement in the demand cycle, revenue upsides for Core Networking driving greater confidence in upsides for fiscal 2025, alleviating concerns around increased scrutiny on Public Sector and Fed spending, highlighting moderate cost headwinds for tariffs, while also noting mitigation levers in the form of both pricing and supply chain flexibility, and downplaying concerns of temporary dislocations in demand trends from the pull-forward of orders to avoid tariffs.