) for the better since announcing in April ’23 that the retail giant would be focusing on supply chain and expense rationalization, notably through AI, while Cisco has had a rough year, but faces easier comp’s going forward. so not all hope is lost for the networking giant.Walmart reported a rock-solid fiscal Q1 ’25 last week, May 16th, 2024, and then saw two days of above-average volume in the stock.All margins, i.e.
Looking at EPS and revenue estimate revisions, post-release, WMT forward EPS rose slightly after the quarter, but the bigger revisions were in revenue; Finally, Walmart seems to have solved the e-commerce issue that has plagued them for the last 15 years. Especially international which was rather surprising to read at +19%, while Walmart US grew 22% yoy.
Morningstar noted that they continue to see weaker networking demand, and the stock certainly does trade like that; Trading at 13x EPS over the next few years, 3.5x sales, and 13x cash flow, with a 3% dividend yield, the stock isn’t expensive but talk about the perennial underperformer. Thetalked about CSCO’s performance for last 22 years. Cisco has been acquiring these smaller businesses for nearly 25 years, and diluting shareholders and it’s generated almost no growth. The networking business is half the business.That’s it for the reports this blog was interested in last week.
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