Cisco (CSCO) PT Lowered to $40 at Deutsche Bank Following Mixed 3Q
Tweet
Share
E-mail
Get Alerts CSCO Hot Sheet
Price: $109.20 +0.54%
Rating Summary:
35 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 0
Rating Summary:
35 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 0
Join SI Premium – FREE
Deutsche Bank lowered its price target on Cisco (NASDAQ: CSCO) to $40.00 (from $42.00) while maintaining a Buy rating. CSCO reported a 3Q revenue miss with $11.94B coming in below the Street's $11.90B estimate. EPS of 60c came in ahead of 58c estimates.
Management guided 4Q revenues of $11.88B to $12.13B, below the consensus estimate of $12.52B. EPS guidance of 60-62c is also weak compared to the Street's 62c.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Downgrades Xior Student Housing NV (XIOR:BB) to Hold
- Canaccord Starts Kistos Holdings (KIST:LN) at Buy
- JPMorgan Starts Bechtle AG (BC8:GR) (BECTY) at Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Deutsche BankSign 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!
