Cisco Results Imminent; These Most Accurate Analysts Revise Predictions Ahead of Earnings Announcement – Cisco Systems (NASDAQ:CSCO)

Cisco Systems, Inc. CSCO will report third quarter results after the closing bell on Wednesday, November 13th.

Analysts expect the San Jose, California-based bank to report quarterly profit of 87 cents per share, compared with $1.11 per share in the year-ago period. According to data from Benzinga Pro, Cisco expects to report revenue of $13.77 billion for its latest quarter.

The company has beaten analysts' revenue estimates for nine consecutive quarters.

Cisco shares rose 0.1% on Tuesday to close at $58.71.

Benzinga readers can access the latest analyst ratings by visiting our Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's take a look at how Benzinga's most accurate analysts have rated the company recently.

• Samik Chatterjee, an analyst at JP Morgan, upgraded the stock from Neutral to Overweight on November 11 and raised the price target from $55 to $66. This analyst has an accuracy rate of 71%.
• Citigroup analyst Atif Malik upgraded the stock from Neutral to Buy on Oct. 16 and raised the price target from $52 to $62. This analyst has an accuracy rate of 83%.
• Tigress Financial analyst Ivan Feinseth maintained his Buy rating and increased the price target from $76 to $78 on October 14th. This analyst has an accuracy rate of 77%.
• Evercore ISI Group analyst Amit Daryanani maintained his Outperform rating and increased the price target from $55 to $60 on September 20. This analyst has an 80% accuracy rate.
• New Street Research analyst Pierre Ferragu upgraded the stock from Neutral to Buy with a price target of $57 on August 15. This analyst has an accuracy rate of 78%.

Are you considering buying CSCO stock? This is what analysts think:

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