Nomura Securities Maintains a 'Buy' on Cisco (CSCO); Quick Note on NDS Acquisition
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Price: $111.68 -1.58%
Rating Summary:
35 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
35 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Cisco (NASDAQ: CSCO) price target of $24.00.
Analyst, Stuart Jeffrey, said, "Cisco announced the planned acquisition of NDS this morning for $5bn including the assumption of debt and retention-based incentives. The proposed deal has been approved by both boards and is due to close in H2 2012. NDS provides a high-margin video centric revenue stream...For the full-year 2011 NDS reported revenue of $824m, gross margins of 86% and an operating margin of 27%."
"Over the next three years we are projecting: 1) Revenue growth of 13% to $1.2bn, Gross margins rising to 87%, EBIT margins at 28-29%, and Growth in net income from continuing operations of 121%."
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 $20.20 yesterday.
Analyst, Stuart Jeffrey, said, "Cisco announced the planned acquisition of NDS this morning for $5bn including the assumption of debt and retention-based incentives. The proposed deal has been approved by both boards and is due to close in H2 2012. NDS provides a high-margin video centric revenue stream...For the full-year 2011 NDS reported revenue of $824m, gross margins of 86% and an operating margin of 27%."
"Over the next three years we are projecting: 1) Revenue growth of 13% to $1.2bn, Gross margins rising to 87%, EBIT margins at 28-29%, and Growth in net income from continuing operations of 121%."
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 $20.20 yesterday.
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