Needham & Company Remains Sidelined on Cisco Systems (CSCO) Following 4Q and Guide Down
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Drexel Hamilton Raises Price Target on Cisco Systems (CSCO) Following 4Q Beat
August 18, 2016 8:43 AM EDTDrexel Hamilton reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO), and raised the price target to $37.00 (from $36.00), following the company's 4Q earnings report. Cisco reported sales of $12.64 billion that beat the consensus estimate at $12.57 billion and pro forma EPS of $0.63 was better than the... More
Jefferies Keeps Cisco (CSCO) at 'Buy' Following Q4 Results; Says Receivable DSO Number was Eyesore
August 18, 2016 7:27 AM EDTJefferies affirms Cisco Systems (Nasdaq: CSCO) at Buy with a price target of $35 following Q4 results and outlook.
The firm commented, Our impressions of Ciscos EPS power and risk profile didnt change following last nights July quarter print. Looking forward, were inclined to assign incrementally better valuations to the business as: 1) we see a number of opportunities for the organization to... More
William Blair Reiterates Outperform on Cisco Systems (CSCO) Following Solid 4Q Results
August 18, 2016 6:55 AM EDTWilliam Blair reiterated an Outperform rating on Cisco Systems (NASDAQ: CSCO) following the company's 4Q earnings report. CSCO reported a $67 million revenue beat compared to consensus. EPS beat estimates by $0.03. Strength in the quarter was led by security, data center switching, collaboration, wireless,... More
After-Hours Stock Movers 8/17: (CIE) (NTAP) (LB) (YY) (SNPS) Higher; (CERU) (BGG) (ARAY) (KEYS) (A) (CSCO) Lower
August 17, 2016 5:34 PM EDTCobalt International Energy (NYSE: CIE) +7.6%; CFO David Powell and CEO Timothy Cutt acquired 100,000 shares each, according to SEC filings.
NetApp (NASDAQ: NTAP) +6%; reported Q1 EPS of $0.46, $0.10 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.26 billion. NetApp sees Q2 2017 EPS of $0.51-$0.56, versus the consensus of $0.55. NetApp sees Q2 2017 revenue of $1.265-1.415 billion, versus the consensus of $1.33 billion.
L Brands (NYSE: LB) +3%; reported Q2 EPS of $0.70, versus the analyst estimate of... More
Cisco Systems (CSCO) Tops Q4 EPS by 3c; Will Cut Up to 5,500 Jobs
August 17, 2016 4:06 PM EDTCisco Systems (NASDAQ: CSCO) reported Q4 EPS of $0.63, $0.03 better than the analyst estimate of $0.60. Revenue for the quarter came in at $12.6 billion versus the consensus estimate of $12.57 billion.
Today's market requires Cisco and our customers to be decisive, move with greater... More
Cisco Systems (CSCO): Raising PT Ahead of the Print - Jefferies
August 17, 2016 7:19 AM EDTJefferies analyst, George Notter, reiterated his Buy rating on shares of Cisco (NASDAQ: CSCO) but raised his price target to $35.00 (from $30.75) ahead of earnings. This new price target is based on 11.2x the base case '17 EPS projection. The analyst's higher target multiple is driven... More
RBC Sees Headcount Reduction at Cisco (CSCO) at Net Positive
August 17, 2016 6:13 AM EDTRBC Capital affirms Cisco (Nasdaq: CSCO) at Outperform with a pirce target of $35 following reports of a headcount adjustment at the company.
Analyst Mitch Steves commented, According to Reuters and CRN News, Cisco is planning a reduction in force (RIF) of approximately 14,000... More
Trading Radar for 8/17: Cisco (CSCO), Lowe's (LOW), JA Solar (JASO), Analog Devices (ADI), NetApp (NTAP) Report
August 16, 2016 2:28 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EDT
Earnings:
American Eagle Outfitters (NYSE: AEO) - consensus EPS $0.21
Analog Devices (Nasdaq:... More
Cisco (CSCO) volatility increases into Q4 and outlook
August 16, 2016 10:55 AM EDTCisco Systems (NASDAQ: CSCO) August call option implied volatility is at 61, September is at 24; compared to its 52-week range of 15 to 42 into the expected release of Q4 results on August 17.
... MoreCisco Systems (CSCO: Earnings Preview - Drexel Hamilton
August 16, 2016 8:58 AM EDTDrexel Hamilton analyst, Brian White, reiterated his Buy rating on shares of Cisco (NASDAQ: CSCO) ahead of the earnings report on 8/17. The analyst believes Cisco's stock has an upward bias, especially given its 3.3% dividend yield, attractive valuation (10x ex-cash; 2017), margin execution story and... More
