Lazard Keeps Cisco (CSCO) at Neutral; Conservative Guidance Should Ease Concerns
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Goldman Sachs Describes Cisco (CSCO) Q3 as 'Breakout Performance'
May 16, 2013 9:19 AM EDTGoldman Sachs today maintained a Conviction Buy on Cisco (NASDAQ: CSCO) and raised its price target to $28.00 (from $25.00). Analyst Simona Jankowski called Cisco's Q3 a "breakout performance" vs peers and noted that its year-over-year growth was higher by 5.4% compared to the median decline of 3% for other... More
Cisco (CSCO) PT Raised to $26.50 at Nomura
May 16, 2013 8:41 AM EDTNomura Securities raised its price target on Cisco (NASDAQ: CSCO) from $25.00 to $26.50 following solid third quarter results after the close.
Analyst Stuart Jeffrey notes, "Cisco hit expectations and guided in-line with consensus. We believe that this is largely attributable to sustained share... More
Cisco (CSCO) Results/Tone Positive for Tech Stocks - Needham & Company
May 16, 2013 7:37 AM EDTNeedham & Company analyst Alex Henderson reiterated a Hold rating Cisco (NASDAQ: CSCO) despite what they called solid Q3 results and guidance. The firm said the results have positive implications for most tech companies.
Henderson said, "Cisco didn't stumble and sounded positive, which should be constructive for most... More
Cisco Systems (CSCO) Tops Q3 EPS by 2c; Gross Margin Widens
May 15, 2013 4:05 PM EDT(Updated - May 15, 2013 4:32 PM EDT)
Cisco Systems, Inc. (NASDAQ: CSCO) reported Q3 EPS of $0.51, $0.02 better than the analyst estimate of $0.49. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.18 billion.
Sales improved 5.4 percent from last year, while... More
Lazard Sidelined Into Cisco's (CSCO) Q3 Report; Cites Tough Macro Environment
May 13, 2013 12:41 PM EDTCisco Systems (Nasdaq: CSCO) is higher on the session ahead of the company's third-quarter report, expected out after markets close on May 15th. Currently, the Street is looking for EPS of 49 cents on revs of $12.18 billion. Numbers compare with EPS of 48 cents and revs of $11.6 billion reported in the same period last year.
Lazard Capital is out with a few comments heading into the tape. The... More
