Oppenheimer Maintains an 'Outperform' on Cisco (CSCO) After Hosting Investor Meeting with Key Mgmt
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Price: $23.34 --0%
Rating Summary:
32 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 1 | New: 9
Rating Summary:
32 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 1 | New: 9
Trade CSCO Now!
Oppenheimer maintains an 'Outperform' on Cisco (NASDAQ: CSCO) price target of $22.00.
Analyst, Ittai Kidron, said, "This week we hosted investor meetings with Cisco's management. Key takeaways include: 1) Cisco's reorganization is largely complete with the benefits just beginning to show, 2) Low service attach rates overseas can fuel double-digit growth in service revenue, 3) Cisco's relationship with EMC (NYSE: EMC) remains strong and is poised to drive share gains in the data center, 4) Early stage growth opportunities exist in the customer financing and the reused gear market, and 5) Huawei is a threat, but one that Cisco is well prepared for (see our Huawei/ZTE note published on 09/04/12). Overall, we believe Cisco has a strong handle on both the risks and opportunities that lie ahead, and we remain positive on the shares."
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 $18.90 yesterday, with a 52 week range of $14.93-$21.30.
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Analyst, Ittai Kidron, said, "This week we hosted investor meetings with Cisco's management. Key takeaways include: 1) Cisco's reorganization is largely complete with the benefits just beginning to show, 2) Low service attach rates overseas can fuel double-digit growth in service revenue, 3) Cisco's relationship with EMC (NYSE: EMC) remains strong and is poised to drive share gains in the data center, 4) Early stage growth opportunities exist in the customer financing and the reused gear market, and 5) Huawei is a threat, but one that Cisco is well prepared for (see our Huawei/ZTE note published on 09/04/12). Overall, we believe Cisco has a strong handle on both the risks and opportunities that lie ahead, and we remain positive on the shares."
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 $18.90 yesterday, with a 52 week range of $14.93-$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
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