** Shares of Cisco Systems Inc CSCO.O down ~1% amid range-bound trading on Weds ahead of the company's qtrly report due after the bell
** Networking equipment maker seen posting adj EPS of $0.92, a 4.3% y/y increase, on rev of $14.1 bln, or 10.8% more than year-ago qtr, according to LSEG
** On May 6, CSCO unveiled a prototype chip for networking quantum computers
** On Feb 12, co hiked its annual rev forecast, betting on growing demand for its cloud networking gear as companies ramp up their AI infrastructure
** CSCO has beaten or met EPS estimates every qtr going back at least to qtr ended Oct 2019, per LSEG
** Of the 23 analysts covering CSCO, 12 rate stock "buy" or stronger; remaining 11 recommend "hold"
** Median PT of $68 compared with current share price of $61.17
** With move on Weds, CSCO up ~3% YTD, compared with both the Dow's .DJI and the Nasdaq's decreases of about 1%
(Reporting by Stephen Culp)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
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