Sterne Agee Maintains a 'Buy' on Cisco (CSCO); nticipate Solid Quarter; Benefit From 4G LTE Wireless Buildout
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Price: $48.35 --0%
Rating Summary:
27 Buy, 29 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
Rating Summary:
27 Buy, 29 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
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Sterne Agee maintains a 'Buy' on Cisco (NASDAQ: CSCO).
Analyst, Shaw Wu, said, "CSCO will report its April quarter this Wednesday, May 9, 2012, after the close. Based on our supply chain checks, we anticipate a solid quarter in-line or better than consensus at $11.6 billion in revenue and $0.47 in EPS. For its outlook, we anticipate in-line guidance. Most importantly, we believe this could mark the 4th quarter in a row where the company will not guide down expectations."
"We continue to believe CSCO is an underappreciated turnaround story similar to what we have seen with Apple (Nasdaq: AAPL), IBM (NYSE: IBM), and EMC (NYSE: EMC) in the past. We see upside to $27 based on an 11x multiple on CY12 EPS plus $6 in net cash that represents nearly 30% of its market capitalization."
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 $19.12 yesterday.
Analyst, Shaw Wu, said, "CSCO will report its April quarter this Wednesday, May 9, 2012, after the close. Based on our supply chain checks, we anticipate a solid quarter in-line or better than consensus at $11.6 billion in revenue and $0.47 in EPS. For its outlook, we anticipate in-line guidance. Most importantly, we believe this could mark the 4th quarter in a row where the company will not guide down expectations."
"We continue to believe CSCO is an underappreciated turnaround story similar to what we have seen with Apple (Nasdaq: AAPL), IBM (NYSE: IBM), and EMC (NYSE: EMC) in the past. We see upside to $27 based on an 11x multiple on CY12 EPS plus $6 in net cash that represents nearly 30% of its market capitalization."
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 $19.12 yesterday.
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