Barclays Maintains an 'Overweight' on Cisco (CSCO); Executing in Difficult Times
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Price: $23.53 +0.09%
Rating Summary:
32 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
32 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CSCO Now!
Barclays maintains an 'Overweight' on Cisco (NASDAQ: CSCO) price target of $24.00 (from $22.00).
Analyst, Jeff Kvaal, made comments after meeting with management, first saying he believes the macro outlook may limit revenue growth (at least near-term) and sees around 3% organic sales growth in FY13, below the company's target of 5-7%.
CSCO management said it saw healthy share gains in mobile edge routing, data center and video, fighting off competitors like HP (NYSE: HPQ), Alacatel (NYSE: ALU) and Huawei.
All in, Kvaal, said, "We expect Cisco's new capital reallocation plan, modest EPS upside, and growing predictability of earnings to close the multiple gap with its large cap peers."
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 $19.73 yesterday, with a 52 week range of $14.93-$21.30.
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Analyst, Jeff Kvaal, made comments after meeting with management, first saying he believes the macro outlook may limit revenue growth (at least near-term) and sees around 3% organic sales growth in FY13, below the company's target of 5-7%.
CSCO management said it saw healthy share gains in mobile edge routing, data center and video, fighting off competitors like HP (NYSE: HPQ), Alacatel (NYSE: ALU) and Huawei.
All in, Kvaal, said, "We expect Cisco's new capital reallocation plan, modest EPS upside, and growing predictability of earnings to close the multiple gap with its large cap peers."
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 $19.73 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
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