Cisco Systems (CSCO) continues to dominate in the market with its Q2 2025 earnings exceeding estimates. The tech giant's continual success is attributed to the surging demand for AI-driven products which led to increased revenues. The result was positive market reaction with the company's shares climbing. Moreover, Cisco's future looks promising due to higher outlook and $15 billion buyback approval which led to its shares trading higher after the announcement. Despite WASHINGTON TRUST Co and Certuity LLC selling their shares, other organizations such as Rhumbline Advisers, BXM Wealth LLC, Adell Harriman & Carpenter Inc., and First Merchants Corp increased their holding positions. This indicates investor confidence in the company’s positive momentum. The stock has received a 'Buy' rating from Rosenblatt with a target price of $80 due to its AI-Driven Growth. The company also continues to get support from different brokerage firms as it receives an average rating of 'Moderate Buy'. Nonetheless, the company also experienced some stake downsizing from Community Financial Services Group LLC, Yacktman Asset Management LP and Ingalls & Snyder LLC. The departure of a key executive could also impact the company in the future.
Cisco Systems CSCO News Analytics from Mon, 10 Feb 2025 21:06:00 GMT to Sat, 15 Feb 2025 12:02:55 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 2
