Needham & Company Maintains a 'Hold' on Cisco (CSCO); Gross Margin Pressures Persist; OPEX Upside Driven By Cost Cutting
Tweet Send to a FriendGet Alerts CSCO Hot Sheet
Price: $23.96 +0.04%
Rating Summary:
32 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 20
Rating Summary:
32 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 20
Trade CSCO Now!
Needham & Company maintains a 'Hold' on Cisco (NASDAQ: CSCO).
Analyst, Alex Henderson, said, "As is often the case in technology its always “compared to what”. Against a pessimistic backdrop where investors have been bracing for slowing conditions, Cisco’s guide and commentary was decidedly
mixed, which is better than decidedly bearish. The stock rallied on the 75% hike in the dividend."
"October Quarter Pre-NDS Guide of 2-%-4% Yr-Yr Revenue growth was below our and Street forecasts of around a 4% increase. GMs were also below EPS in line with Street $0.46 with $0.45-$0.47. NDS acquisition is accretive by ~$0.03-$0.04/sh. in FY 13." (FY12 EPS estimate raised from $1.90 to $1.93)
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 $17.35 yesterday, with a 52 week range of $14.90-$21.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Alex Henderson, said, "As is often the case in technology its always “compared to what”. Against a pessimistic backdrop where investors have been bracing for slowing conditions, Cisco’s guide and commentary was decidedly
mixed, which is better than decidedly bearish. The stock rallied on the 75% hike in the dividend."
"October Quarter Pre-NDS Guide of 2-%-4% Yr-Yr Revenue growth was below our and Street forecasts of around a 4% increase. GMs were also below EPS in line with Street $0.46 with $0.45-$0.47. NDS acquisition is accretive by ~$0.03-$0.04/sh. in FY 13." (FY12 EPS estimate raised from $1.90 to $1.93)
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 $17.35 yesterday, with a 52 week range of $14.90-$21.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Raises Numbers on hhgregg (HGG), But Remains on Sidelines
- Goldman Sachs Upgrades Meritor (MTOR) to Buy
- Urban Outfitters (URBN) Added to Best Ideas List at Janney Capital on Solid Q1 Results
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & Company, Dividend
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
