Cisco Systems, Inc. (NASDAQ: CSCO) is expected to release earnings results for its second quarter, after the closing bell on Feb. 14, 2024.
Analysts expect the company to report quarterly earnings at 84 cents per share, down from year-ago earnings of 88 cents per share. The company is projected to post revenue of $12.71 billion for the latest quarter, according to data from Benzinga Pro.
On Monday, UBS analyst David Vogt maintained Cisco Systems with a Neutral and raised the price target from $54 to $55.
The San Jose, California-based company is reportedly set to restructure its operations, potentially resulting in thousands of job cuts as it aims to prioritize high-growth sectors.
With the recent buzz around Cisco, some investors may be eyeing potential gains from the company’s dividends. As of now, Cisco has a dividend yield of ...