Cisco Set for Record-Breaking Q4 Earnings, Analysts Predict Big Upside

Cisco Systems is set to report its fourth-quarter earnings on Wednesday, and analysts expect the company to beat estimates for revenue and earnings per share. According to data from Benzinga Pro, Cisco's Q4 revenue is estimated at $16.82 billion, a new company record that surpasses last year's fourth quarter of $14.67 billion.

Freedom Capital Markets Chief Market Strategist Jay Woods sees optimism in Cisco's chart, with the daily and weekly charts showing 'much optimism about a path higher.' He notes that earnings reactions have been mixed, but expects Cisco to break out and climb to new all-time highs.

The market expert predicts that if Cisco can breakout, it will accelerate higher over the coming months, with upside targets nearing $200. KeyBanc and Morgan Stanley have maintained their Overweight ratings on Cisco stock, while BofA Securities has raised its Buy rating with a price target of $150.