Credit Suisse Starts Cisco (CSCO) at Underperform

September 19, 2013 6:46 AM EDT
Get Alerts CSCO Hot Sheet
Price: $30.27 --0%

Rating Summary:
    32 Buy, 25 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 10
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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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