Forecast Of The Day: Cisco’s Services Revenues

+13.17%
Upside
48.17
Market
54.51
Trefis
CSCO: Cisco logo
CSCO
Cisco

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?

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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

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