Cisco (CSCO) volatility increases into Q4 and outlook
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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
Needham & Company Remains Sidelined on Cisco Systems (CSCO) Following 4Q and Guide Down
August 18, 2016 7:35 AM EDTNeedham & Company reiterated a Hold rating on Cisco Systems (NASDAQ: CSCO) following the company's 4Q earnings report. Cisco noted a 6% decline in Service Provider orders and stated on the call they had little visibility in this sector. Guidance of down 1% to up 1% pro-forma for the... 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
