Barclays Maintains an 'Equalweight' on Cisco (CSCO); Q3 Preview
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Price: $48.39 +0.58%
Rating Summary:
28 Buy, 28 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
28 Buy, 28 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Barclays maintains an 'Equalweight' on Cisco (NASDAQ: CSCO) price target of $22.00.
Analyst, Jeff Kvaal, said, "We expect 3Q results this week at the high end of guidance, though not materially above. We instead consider the long-term prospects for Cisco's market share and cash flows. We also highlight themes from last week's IT distributor conference...Cisco is likely thinking bigger than the pure networking market to maintain its cash flows - which are not quite compelling enough."
Barclays admits that security, data center and BYOD themes remain strong...and the firm favors Acme Packet (Nasdaq: APKT), Aruba (Nasdaq: ARUN), F5 Networks (Nasdaq: FFIV); Riverbed Tech (Nasdaq: RVBD) is also a solid play.
For an analyst ratings summary and ratings history on Cisco click here. For more ratings news on Cisco click here.
Shares of Cisco closed at $19.12 yesterday.
Analyst, Jeff Kvaal, said, "We expect 3Q results this week at the high end of guidance, though not materially above. We instead consider the long-term prospects for Cisco's market share and cash flows. We also highlight themes from last week's IT distributor conference...Cisco is likely thinking bigger than the pure networking market to maintain its cash flows - which are not quite compelling enough."
Barclays admits that security, data center and BYOD themes remain strong...and the firm favors Acme Packet (Nasdaq: APKT), Aruba (Nasdaq: ARUN), F5 Networks (Nasdaq: FFIV); Riverbed Tech (Nasdaq: RVBD) is also a solid play.
For an analyst ratings summary and ratings history on Cisco click here. For more ratings news on Cisco click here.
Shares of Cisco closed at $19.12 yesterday.
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