Jefferies Stays on the Sidelines With Cisco (CSCO) After Q3
Tweet
Share
E-mailGet Alerts CSCO Hot Sheet
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
Join SI Premium – FREE
Jefferies reiterated its Hold rating and $18 price target on Cisco (NASDAQ: CSCO) following in-line Q3 results and weak Q4 guidance.
The firm said, "while the company is executing rather well, the business remains highly-correlated with the ebbs and flows of the global macro-economy." They remain on the sidelines.
Q4 EPS goes $0.40 to $0.39, FY12 goes from $1.56 to $1.58 and FY13 goes from $1.59 to $1.56.
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 $18.78 yesterday.
The firm said, "while the company is executing rather well, the business remains highly-correlated with the ebbs and flows of the global macro-economy." They remain on the sidelines.
Q4 EPS goes $0.40 to $0.39, FY12 goes from $1.56 to $1.58 and FY13 goes from $1.59 to $1.56.
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 $18.78 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Cisco (CSCO) to Hold
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
- McGraw Hill (MH) PT Raised to $15 at UBS
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
