Forecast Of The Day: Cisco Infrastructure Platforms Revenues
What?
Cisco (NASDAQ:CSCO) Infrastructure Platforms Revenues declined from around $30 billion in 2019 to about $27 billion in 2020. Trefis expects the metric to recover to about $28.5 billion in 2022 and to over $30 billion by 2023.
Why?
- Will Higher Software Sales, Splunk Deal Drive Cisco Stock Back To $60?
- Is Cisco Undervalued At $46, Amid Network Recovery And Splunk Revenue Upside?
- With Product Sales Sluggish, What To Expect From Cisco’s Q3 Earnings?
- Down 6% In Last 3 Months, Will Cisco Stock See A Recovery Following Q2 Results?
- Why Is Cisco Buying Splunk?
- Why The Digital Infra Theme Continues To Outperform
While sales dipped in 2020, due to the impact of the Covid-19 pandemic and lower IT spending by businesses, we expect longer-term growth to be driven by stronger demand for switches, routers, and WLAN communication equipment.
So What?
We think Cisco stock is undervalued at current levels. We value CSCO at about $63 per share, about 15% ahead of the current market price.
See Our Complete Analysis For Cisco
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| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| CSCO Return | -1% | -13% | 83% |
| S&P 500 Return | 0% | -5% | 102% |
| Trefis MS Portfolio Return | 0% | -9% | 258% |
[1] Month-to-date and year-to-date as of 2/9/2022
[2] Cumulative total returns since the end of 2016