6 Cisco Systems Analysts React To Investor Day Event: ‘We Believe The Cautiousness Will Abate’
Credit Suisse analyst Sami Badri said the new Cisco guidance numbers suggest the company’s growth is durable.
Credit Suisse의 애널리스트인 Sami Badri는 Cisco 신규 가이던스 숫자는 회사의 성장이 지속성이 있음을 시사함.
“Investor sentiment is currently cautiously optimistic, but we believe the cautiousness will abate as CSCO executes on its LT guidance while ramping its recurring revenue plans (software, subs. etc.),” Badri wrote.
반복 매출 플랜(recurring revenue plans) 증가 기대에 힘입어 조심스럽게 낙관적 전망.
Wells Fargo analyst Aaron Rakers said Cisco’s optimistic commentary and better-than-expected growth outlook reinforced his bullish view on the stock.
Wells Fargo의 애널리스트인 Aaron Rakers는 Cisco의 낙관적인 논평과 예상보다 나은 성장 전망이 주식에 대한 그의 낙관적인 견해를 강화함.
“As previewed, Cisco’s presentations emphasized the company’s transition to expanding subscription software revenue contributions— incrementally noting that it now sees ~29% of their total Infrastructure Products revenue via software with two-thirds of this derived from subscription (vs. a total 14% software rev. contribution in F2017),” Rakers wrote.
CIsco 제품의 소프트웨어 구독 매출 기여 상승
“The remaining challenge may stem from how Cisco engages its customers,” Leopold wrote.
Needham analyst Alex Henderson said easy comps will likely lead to some impressive numbers for Cisco over the next few quarters.
“We see Cisco as behind the curve on Cloud centric platforms based on micro-services, multi-tenant cloud native architectures,” Henderson wrote.
KeyBanc Capital Markets analyst Steve Enders said Cisco’s outlook is impressive, but the stock already trades at the high end of its historical valuation range.
“We see potential benefits from an NT hardware refresh cycle and growth vectors (e.g., Wi-Fi 6, 5G, 400G) are offset by headwinds in the subscription transition process as our channel checks indicate some potential customer pushback against the shift; meanwhile, the supply chain likely remains challenged into CY22,” Enders wrote.
“This is not a pivot. We have arrived and have delivered,” Robbins said. “And now we can continue to accelerate the software growth combined with world-class hardware.”
CEO(Robbins)는 하드웨어를 포함한 소프트웨어 성장을 가속화할 것이라고 말함.
Cisco Systems, Inc. (CSCO) CEO Chuck Robbins on Q4 2021 Results – Earnings Call Transcript
Chuck Robbins – Chairman & Chief Executive Officer:
Looking ahead, we expect the supply challenges and cost impacts to continue through at least the first half of our fiscal year and potentially into the second half. In summary, demand for our technology is very strong and our strategy is more relevant than ever. This allows us to deliver greater value to our customers, partners, and communities as we all adapt to new ways of living and working. I am very encouraged by the recovery trajectory across the board and with our momentum. I am confident in our strategy and investments. I feel great about the innovation we’re driving in our portfolio, and I’m incredibly proud of what our teams and partners have achieved.
네트워크 엔지니어로서 Cisco는 스위치와 라우터의 대명사로 알려져 있었고 CCNA/CCNP/CCIE 자격증은 업계 표준으로 인정 받으며 네트워크 엔지니어에게 없어서는 안될 자격증이었다.
한 마디로 Cisco는 전통의 강자였는데 최근 들어 클라우드 전환 트렌드와 여러 경쟁자들의 도전을 받으며 그 아성이 위협을 받고 있는 것으로 보인다. Cisco도 이에 대한 대응으로 기존 하드웨어 장비 중심의 제품라인에서 소프트웨어 구독 모델로 전환을 꾀하는 것 같다. 이를 반영하듯 지난 1년동안 주가가 40%정도 올랐다. 만약 Cisco가 기존 하드웨어 중심의 제조사 포지션에서 클라우드 기반 소프트웨어 제조사로 포지셔닝에 성공한다면 닷컴 버블 이후로 주가가는 최고의 전성기를 맞을 수 있지 않을까?
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