Cisco faces earnings test as options traders expect an 8% share-price swing
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Cisco Systems (NASDAQ:CSCO) investors are preparing for a potentially volatile earnings session as options traders position for a sharp share-price reaction to the networking company's upcoming quarterly results, due Nov. 12 after the…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralHigh expectations for revenue, earnings and AI infrastructure demand make the stock likely to be volatile around results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Cisco reports fiscal first-quarter results on November 12 after the market close.
- 02Wall Street expects revenue of about 18.118 billion dollars, up 21.5% year on year.
- 03Adjusted earnings are projected at 1.32 dollars per share.
- 04Cisco reported 4 billion dollars of AI infrastructure orders in the previous quarter.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets