Credit Suisse Starts Cisco (CSCO) at Underperform

September 19, 2013 6:46 AM EDT Send to a Friend
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Price: $27.77 +0.43%

Rating Summary:
    32 Buy, 18 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
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Credit Suisse initiated coverage on Cisco (NASDAQ: CSCO) with an Underperform rating and a price target of $21.00. Analyst Kulbinder Garcha sees further margin compression from software defined networking architectures. In his view, gross margin may fall to 60% and operating margin could decline to 26% long term.

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 $24.80 yesterday.


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