{"id":49510,"date":"2023-08-17T06:22:54","date_gmt":"2023-08-17T10:22:54","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/ciscos-ai-boost-will-take-a-while-analysts-warn-but-orders-lift-confidence\/"},"modified":"2023-08-17T06:22:57","modified_gmt":"2023-08-17T10:22:57","slug":"ciscos-ai-boost-will-take-a-while-analysts-warn-but-orders-lift-confidence","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=49510","title":{"rendered":"Cisco&#8217;s AI Boost Will Take a While, Analysts Warn. But Orders Lift Confidence."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000722141\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Cisco<br \/>\n       is restoring confidence in its order book and future demand after a wobble earlier this year. However, those hoping the company is set for a growth boost from providing network equipment for artificial intelligence will have to wait for a while, according to Wall Street analysts.\u00a0<\/p>\n<p>\n        Cisco<br \/>\n       (ticker: CSCO) reported a strong rise in product orders for its fiscal fourth quarter and that should settle nerves after disappointing guidance the previous quarter.\u00a0<\/p>\n<div class=\"paywall\">\n<p>\u201cNotably, Cisco committed to showing operating leverage and sustaining a more consistent buyback going forward (~ [approximately] $1.5 billion quarterly cadence)\u2014both these factors will resonate with investors,\u201d Evercore analyst Amit Daryanani wrote. <\/p>\n<p>Daryanani raised his target price on Cisco to $63 from $60. <\/p>\n<p>Cisco shares were up 2.6% at $54.35 in premarket trading on Thursday. The stock was up 11% this year through to Wednesday\u2019s close. <\/p>\n<p>\u201cUnderlying commentary around demand remains constructive and highlights resilience across most end markets,\u201d analysts at Deutsche Bank wrote in a research note. They kept a Hold rating and a $54 target price on the stock.\u00a0<\/p>\n<p>The question now is whether the growth in AI could be a boon for Cisco. The company has rolled out more versions of its Silicon One networking chips, which it has claimed will be the most powerful of their type for AI workloads. On Wednesday it reported $500 million in AI-related orders to date.\u00a0<\/p>\n<p>\u201cThe company appeared confident on Ethernet-based AI (Silicon One) opportunities\u2026but sees demand inflection more likely in FY25 [full-year 2025], similar to peers,\u201d KeyBanc\u2019s Thomas Blakey wrote in a research note.\u00a0<\/p>\n<p>Blakey kept a Sector Weight rating on the stock, noting Cisco is currently trading at around 14 times its forward earnings. He noted a higher valuation would require consistent signs of share gains and improved visibility on the ramp up in orders in its current fiscal year.\u00a0\u00a0<\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/cisco-stock-price-earnings-analysts-ai-e51d808c?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cisco is restoring confidence in its order book and future demand after a wobble earlier this year. However, those hoping the company is set for a growth boost from providing network equipment for artificial intelligence will have to wait for a while, according to Wall Street analysts.\u00a0 Cisco (ticker: CSCO) reported a strong rise in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-49510","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cisco&#039;s AI Boost Will Take a While, Analysts Warn. But Orders Lift Confidence. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Cisco is restoring confidence in its order book and future demand after a wobble earlier this year. However, those hoping the company is set for a growth\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=49510\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cisco&#039;s AI Boost Will Take a While, Analysts Warn. But Orders Lift Confidence. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Cisco is restoring confidence in its order book and future demand after a wobble earlier this year. 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