Popular tech company Cisco Systems, Inc. (CSCO) surpassed revenue and EPS estimates by 3% and 2.9%, respectively, for its fiscal 2023 first quarter ended in October 2022. Moreover, the company expects 4.5% to 6.5% year-over-year growth in its revenue for the fiscal year 2023.
On the other hand, favorable macro data, including falling inflation and robust job growth, have stirred up fresh optimism. According to a Bankrate survey, 57% said a bull market would begin again in 2023.
