UPDATE - UBS Upgraded Cisco (CSCO) to Buy; US Networking Demand Remains Solid, Street Estimates Reasonable
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Price: $109.59 -0.87%
Rating Summary:
35 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
35 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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UPDATE - UBS upgraded Cisco (NASDAQ: CSCO) from Neutral to Buy. PT raised from $17 to $19.75.
UBS analyst says, "Our checks and peer results suggest networking demand is solid in the US and stable in Europe. In the near-term we see Cisco as a beneficiary of these trends. We also now view ests for Cisco as reasonable. The Street now expects Cisco to grow revs 4.6% in FY12 with EPS of $1.70. We forecast growth of 5.4% (same EPS of $1.70)."
"We believe near term competitive pressures are easing for CSCO and its refocus in core markets will stem/reverse recent share losses. Checks show CSCO is benefiting in Switching and Blade Servers vs. HP (NYSE: HPQ) given HP’s organizational/strategic issues, at least in the short term. Cisco is likely facing less intense pricing pressure, and may experience more favorable switching and blade server mkt share trends near-term."
To see more ratings changes on CSCO, Click Here
UBS analyst says, "Our checks and peer results suggest networking demand is solid in the US and stable in Europe. In the near-term we see Cisco as a beneficiary of these trends. We also now view ests for Cisco as reasonable. The Street now expects Cisco to grow revs 4.6% in FY12 with EPS of $1.70. We forecast growth of 5.4% (same EPS of $1.70)."
"We believe near term competitive pressures are easing for CSCO and its refocus in core markets will stem/reverse recent share losses. Checks show CSCO is benefiting in Switching and Blade Servers vs. HP (NYSE: HPQ) given HP’s organizational/strategic issues, at least in the short term. Cisco is likely facing less intense pricing pressure, and may experience more favorable switching and blade server mkt share trends near-term."
To see more ratings changes on CSCO, Click Here
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