Cisco Systems (CSCO) Tops Q4 EPS by 3c; Will Cut Up to 5,500 Jobs
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August 18, 2016 8:43 AM EDT
Drexel 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
August 18, 2016 7:35 AM EDT
Needham & 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
August 18, 2016 7:27 AM EDT
Jefferies 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
August 18, 2016 6:55 AM EDT
William 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
