Cisco Systems (CSCO: Earnings Preview - Drexel Hamilton

August 16, 2016 8:58 AM EDT
Get Alerts CSCO Hot Sheet
Price: $30.46 +1.03%

Rating Summary:
    33 Buy, 23 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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Drexel Hamilton analyst, Brian White, reiterated his Buy rating on shares of Cisco (NASDAQ: CSCO) ahead of the earnings report on 8/17. The analyst believes Cisco's stock has an upward bias, especially given its 3.3% dividend yield, attractive valuation (10x ex-cash; 2017), margin execution story and expanding market reach with higher levels of software.

No change to the price target of $36.

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 $31.19 yesterday.

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