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?
- Here’s Why Cisco Systems Stock Has Returned Just 9% Since Late 2018
- Up 6% This Week, Can Cisco Systems Stock Continue Its Streak?
- Can Cisco Systems Stock Extend Its Run?
- Cisco Systems Stock Set To Rebound After Weak Performance Last Month?
- Can Cisco Systems Stock Turn Around After Underperforming The Market Last Month?
- Cisco Systems Stock Looks Set To Bounce Back On Steady Earnings Growth
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
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| 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