UBS Maintains a 'Buy' on Cisco (CSCO) on Expected Stronger Second Half; Lowers PT & Estimates
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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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UBS maintains a 'Buy' on Cisco (NASDAQ: CSCO) price target lowered from $24 to $22.
Analyst, Nikos Theodosopoulos, said, "CSCO sales and EPS beat investor expectations but Cisco’s 4Q outlook was a disappointment. We view the guide as reflective of broader industry weakness. Orders were weak with B2B approximately 1. European challenges expanded. Enterprise orders were -1% YoY (US enterprise slightly worse). On a more positive note, execution was solid in APJC and Commercial demand was strongest +8%. We see second half 2012 fundamentals improving with stronger service provider and enterprise spending."
"Our CY12 and CY13 sales and EPS estimates ex options are now $46.8B and $1.84 and $50.6B and $1.94 vs. prior $47.4B and $1.87 and $50.8B and $2.02."
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.
Analyst, Nikos Theodosopoulos, said, "CSCO sales and EPS beat investor expectations but Cisco’s 4Q outlook was a disappointment. We view the guide as reflective of broader industry weakness. Orders were weak with B2B approximately 1. European challenges expanded. Enterprise orders were -1% YoY (US enterprise slightly worse). On a more positive note, execution was solid in APJC and Commercial demand was strongest +8%. We see second half 2012 fundamentals improving with stronger service provider and enterprise spending."
"Our CY12 and CY13 sales and EPS estimates ex options are now $46.8B and $1.84 and $50.6B and $1.94 vs. prior $47.4B and $1.87 and $50.8B and $2.02."
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.
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