Cisco's profit forecast misses estimates, shares slip
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Jefferies Reiterates Buy on Cisco Systems (CSCO) Following 1Q
November 17, 2016 8:14 AM ESTJefferies reiterated a Buy rating and $35.00 price target on Cisco Systems (NASDAQ: CSCO) following the company's 1Q earnings report. CSCO reported overall sales of $12.352B and EPS of $0.61, beating Street expectations of $12.33B and $0.59, respectively. Management guided for January sales at... More
Drexel Hamilton Cuts Price Target on Cisco Systems (CSCO) Following 1Q and Soft Guide
November 17, 2016 8:06 AM ESTDrexel Hamilton reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO), and cut the price target to $36.00 (from $37.00), following the company's 1Q earnings report. Cisco reported 1Q sales of $12.35 billion that beat the consensus at $12.34 billion. Pro forma EPS of $0.61 was better than... More
Buy Cisco (CSCO) on Weakness Following Lackluster Guidance - Baird
November 17, 2016 6:53 AM ESTBaird analyst Jayson Noland said they would be buyers on Cisco (NASDAQ: CSCO) on today's likely weakness following results and lower guidance. The firm maintained an Outperform rating and price target of $35.
Noland commented, "Cisco posted a decent FQ1 but guided... More
