[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcioe2a0b01d":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcioe2a0b01d","美股CSCO为什么暴涨？","\u002Fdoc\u002Fdcioe2a0b01d","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">今天美股\u003C\u002Fspan>Cisco Systems CSCO \u003Cspan style=\"font-family: DengXian;\">暴涨的原因是\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">1. \u003Cspan style=\"font-family: DengXian;\">核心业绩的增量信息\u003C\u002Fspan>: \u003Cspan style=\"font-family: DengXian;\">营收与利润双双超预期\u003C\u002Fspan>=F3Q26\u003Cspan style=\"font-family: DengXian;\">总营收达到\u003C\u002Fspan>158\u003Cspan style=\"font-family: DengXian;\">亿美元\u003C\u002Fspan>(\u003Cspan style=\"font-family: DengXian;\">同比\u003C\u002Fspan>+12%)+EPS\u003Cspan style=\"font-family: DengXian;\">为\u003C\u002Fspan>1.06\u003Cspan style=\"font-family: DengXian;\">美元，均击败华尔街预期。订单增速大幅飙升\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">整体产品订单同比大增\u003C\u002Fspan>35%(\u003Cspan style=\"font-family: DengXian;\">上一季度仅为\u003C\u002Fspan>18%)\u003Cspan style=\"font-family: DengXian;\">，其中网络产品订单增速更是超过\u003C\u002Fspan>50%\u003Cspan style=\"font-family: DengXian;\">。这意味着企业端现代化升级和\u003C\u002Fspan>AI\u003Cspan style=\"font-family: DengXian;\">基础设施的需求正在强劲复苏。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">2. Al\u003Cspan style=\"font-family: DengXian;\">订单全面爆发\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">单季斩获\u003C\u002Fspan>19\u003Cspan style=\"font-family: DengXian;\">亿美元的超大规模云厂商\u003C\u002Fspan>(Hyperscale)Al\u003Cspan style=\"font-family: DengXian;\">订单\u003C\u002Fspan>+3\u003Cspan style=\"font-family: DengXian;\">亿美元的非云厂商\u003C\u002Fspan>Al\u003Cspan style=\"font-family: DengXian;\">订单。业绩指引\u003C\u002Fspan>|\u003Cspan style=\"font-family: DengXian;\">大幅上调\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">公司将\u003C\u002Fspan>2026\u003Cspan style=\"font-family: DengXian;\">财年\u003C\u002Fspan>AI\u003Cspan style=\"font-family: DengXian;\">云厂商订单指引从\u003C\u002Fspan>50\u003Cspan style=\"font-family: DengXian;\">亿美元大幅上调至\u003C\u002Fspan>90\u003Cspan style=\"font-family: DengXian;\">亿美元\u003C\u002Fspan>+\u003Cspan style=\"font-family: DengXian;\">营收指引\u003C\u002Fspan>|\u003Cspan style=\"font-family: DengXian;\">从\u003C\u002Fspan>30\u003Cspan style=\"font-family: DengXian;\">亿美元上调至\u003C\u002Fspan>40\u003Cspan style=\"font-family: DengXian;\">亿美元。基本上就代表\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">思科基于\u003C\u002Fspan>SiliconOne\u003Cspan style=\"font-family: DengXian;\">芯片的系统和光模块在\u003C\u002Fspan>AI\u003Cspan style=\"font-family: DengXian;\">网络硬件市场的逻辑正在实质性兑现，且没有受到先进制程产能的明显限制。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">3. \u003Cspan style=\"font-family: DengXian;\">为什么毛利率会面临压力\u003C\u002Fspan>?\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">毛利率不及预期\u003C\u002Fspan>=F3Q26\u003Cspan style=\"font-family: DengXian;\">毛利率为\u003C\u002Fspan>66.0%\u003Cspan style=\"font-family: DengXian;\">，同比下降约\u003C\u002Fspan>160\u003Cspan style=\"font-family: DengXian;\">个基点，略低于市场预期。核心拖累因素\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">硬件产品出货占比提升\u003C\u002Fspan>(\u003Cspan style=\"font-family: DengXian;\">拉低整体毛利\u003C\u002Fspan>)+\u003Cspan style=\"font-family: DengXian;\">存储组件成本通胀。公司的应对动作\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">提高硬件产品定价\u003C\u002Fspan>+\u003Cspan style=\"font-family: DengXian;\">调整渠。道合同条款\u003C\u002Fspan>+\u003Cspan style=\"font-family: DengXian;\">优化产品内存使用率。预计后续\u003C\u002Fspan>EBIT\u003Cspan style=\"font-family: DengXian;\">利润率将保持相对稳定。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">4. \u003Cspan style=\"font-family: DengXian;\">安全业务为什么成了短板\u003C\u002Fspan>?\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">美股投资网研究发现，营收零增长\u003C\u002Fspan>=\u003Cspan style=\"font-family: DengXian;\">安全业务单季营收\u003C\u002Fspan>20\u003Cspan style=\"font-family: DengXian;\">亿美元，同比持平，略低于高盛预期。逆风因素\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">传统老旧产品销量衰退\u003C\u002Fspan>+\u003Cspan style=\"font-family: DengXian;\">收购的\u003C\u002Fspan>Splunk\u003Cspan style=\"font-family: DengXian;\">正从本地部署向云订阅模式转型\u003C\u002Fspan>(\u003Cspan style=\"font-family: DengXian;\">短期压制收入确认\u003C\u002Fspan>)\u003Cspan style=\"font-family: DengXian;\">。用大白话总结就是\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">转型阵痛期还没过，预计\u003C\u002Fspan>Splunk\u003Cspan style=\"font-family: DengXian;\">云订阅转型带来的逆风要到\u003C\u002Fspan>2027\u003Cspan style=\"font-family: DengXian;\">财年第二季度才会开始消退。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">5. \u003Cspan style=\"font-family: DengXian;\">这代表着什么样的估值与预期调整\u003C\u002Fspan>?\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">目标价大幅上调\u003C\u002Fspan>=\u003Cspan style=\"font-family: DengXian;\">高盛将\u003C\u002Fspan>12\u003Cspan style=\"font-family: DengXian;\">个月目标价从\u003C\u002Fspan>75\u003Cspan style=\"font-family: DengXian;\">美元大幅调高至\u003C\u002Fspan>116\u003Cspan style=\"font-family: DengXian;\">美元，但维持“中性”评级。盈利预测上调\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">基于更高的\u003C\u002Fspan>AI\u003Cspan style=\"font-family: DengXian;\">收入预期\u003C\u002Fspan>+\u003Cspan style=\"font-family: DengXian;\">强劲的订单动能，高盛将\u003C\u002Fspan>2026-2028\u003Cspan style=\"font-family: DengXian;\">财年的\u003C\u002Fspan>EPS\u003Cspan style=\"font-family: DengXian;\">预测平均上调了\u003C\u002Fspan>4%\u003Cspan style=\"font-family: DengXian;\">。估值逻辑切换\u003C\u002Fspan>->\u003Cspan style=\"font-family: DengXian;\">市场对思科的长期增长驱动力\u003C\u002Fspan>(AI\u003Cspan style=\"font-family: DengXian;\">网络\u003C\u002Fspan>+\u003Cspan style=\"font-family: DengXian;\">企业园区网络更新\u003C\u002Fspan>)\u003Cspan style=\"font-family: DengXian;\">可见度变高，因此给予了更高的估值倍数\u003C\u002Fspan>(\u003Cspan style=\"font-family: DengXian;\">从\u003C\u002Fspan>16\u003Cspan style=\"font-family: DengXian;\">倍上调至\u003C\u002Fspan>23\u003Cspan style=\"font-family: DengXian;\">倍远期市盈率\u003C\u002Fspan>)\u003Cspan style=\"font-family: DengXian;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FC\u002FCSCO\u002FCSCO.jpg","2026-05-14T05:42:51","2026.05.14","2026\u002F05\u002F14",46830,[22],"CSCO","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" rel=\"noopener noreferrer\">\u003Cimg style=\"display:block;margin-left:auto;margin-right:auto;\" src=\"https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202408-stk\u002F1586109431mceclip0.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cdiv class=\"text-center\">\u003Ch2 class=\"card-title mx-auto\">\u003Cbr>\u003Ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":68,"summaryHtml":73,"aboutTitle":74,"aboutHtml":75,"copyrightHtml":76},[44,47,50,53,56,59,62,65],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fvip",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":60,"url":61},"美股课程","\u002Fcol\u002Fvideos",{"label":63,"url":64},"免责声明","\u002Fdisclaimer",{"label":66,"url":67},"联系我们","\u002FContactUs",[69,70,71,72],"https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]