Forecast Of The Day: Cisco’s Services Revenues
What?
Cisco’s (NASDAQ:CSCO) Services Revenues have risen from around $12.9 billion in 2019 to about $13.3 billion in 2020. Trefis expects the metric to rise further to about $13.8 billion in 2021 and to $14.5 billion in 2022.
Why?
- What’s Happening With Cisco’s Stock?
- Drop Cisco Stock And Pick TC Energy and AerCap For Higher Gains?
- Can Cisco Stock Rebound To $60?
- Will Splunk And Network Recovery Drive Cisco’s Q4 Results?
- Will Higher Software Sales, Splunk Deal Drive Cisco Stock Back To $60?
- Is Cisco Undervalued At $46, Amid Network Recovery And Splunk Revenue Upside?
We expect growth to be driven by higher demand for technical services and maintenance contracts as the company’s customer base grows.
So What?
We think Cisco stock is fairly valued at current levels. We value CSCO at about $63 per share, about 5% ahead of the current market price.
See Our Complete Analysis For Cisco
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Returns | Dec 2021 MTD [1] |
2021 YTD [1] |
2017-21 Total [2] |
CSCO Return | 6% | 35% | 100% |
S&P 500 Return | 0% | 25% | 109% |
Trefis MS Portfolio Return | -1% | 42% | 282% |
[1] Month-to-date and year-to-date as of 12/17/2021
[2] Cumulative total returns since 2017