Cisco Systems rises as Citi opens 30-day positive catalyst watch
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Cisco Systems (NASDAQ:CSCO) shares rose fractionally in pre-market trading on Friday as investment firm Citi opened a 30-day positive catalyst watch on the networking giant ahead of next week's earnings.
Analyst Atif Malik noted that Cisco (CSCO) is likely to outperform its peers, including Arista Networks (ANET) and Juniper Networks (JNPR) due to strong demand from the enterprise, which should aid the company's coming quarterly results.

In addition, Malik noted that the read through from Fortinet's (FTNT) latest results implies 4% year-over-year growth for Cisco's (CSCO) security business. And with low cloud service provider exposure, the company is likely to avoid the "significant" downside its peers may see, as traditional network spending continues to move to artificial intelligence investments.
Cisco (CSCO) is slated to report fiscal fourth-quarter results on August 16. A consensus of analysts estimate Cisco will earn $1.06 per share on $15.03B in revenue.

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