The Week Ahead: Cisco and Macy's to Report Earnings
We are on the lookout for these household names in the technology and consumer cyclical sectors.
For March, Cisco’s revenue was above management’s expectations despite the pandemic’s impacts on required solutions from increased network demand, work-from-home communications, and security. The pandemic and quarantine affected sales in April, but we believe that Cisco’s strong balance sheet, resilient cash flow generation, and its shift to a more recurring revenue model will help protect the narrow-moat company from the long-lasting effects of the coronavirus.
Carole Hodorowicz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.