Barclays Earnings Recap on Cisco (CSCO); Broad-based Improvement
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Price: $109.18 -1.19%
Rating Summary:
35 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
Rating Summary:
35 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
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Barclays maintains an 'Equalweight' on Cisco (NASDAQ: CSCO), lowers price target by $1 to $18.
Barclays analyst, J Kvaal, said, "Reported 4Q beat on broad-based improvement; gross margins stabilizing at ~61.0-61.5%; sales outlook inline with estimates; see near-term relief but multiple expansion req’s long-term improved product portfolio; raise EPS ’12 from $1.61 to $1.68 (vs $1.70 consensus)."
For more ratings news on Cisco click here and for the rating history of Cisco click here.
Shares of Cisco closed at $13.73 yesterday.
Barclays analyst, J Kvaal, said, "Reported 4Q beat on broad-based improvement; gross margins stabilizing at ~61.0-61.5%; sales outlook inline with estimates; see near-term relief but multiple expansion req’s long-term improved product portfolio; raise EPS ’12 from $1.61 to $1.68 (vs $1.70 consensus)."
For more ratings news on Cisco click here and for the rating history of Cisco click here.
Shares of Cisco closed at $13.73 yesterday.
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