Forecast Of The Day: Cisco’s Infrastructure Platforms Revenues
What?
Trefis expects Cisco’s (NASDAQ:CSCO) Infrastructure Platforms Revenues to remain roughly flat at 2020 levels of about $27 billion this year while rising to about a little over $28 billion in 2022.
Why?
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Covid-19 has impacted spending on networking equipment such as switches, routers, enterprise wireless local area networks (WLAN) and we expect this trend to continue in 2021 as well. However, things are likely to improve from next year.
So What?
Cisco stock has rallied by about 21% year-to-date, as investors anticipate that IT budgets will rebound following the pandemic. However, we think the eventual recovery is already priced into Cisco stock.
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