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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
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- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
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- KKR launches Helix with over $10 billion to build AI infrastructure
Cisco (CSCO) PT Raised to $39 at UBS; Reiterates Buy
November 16, 2017 10:21 AM ESTUBS raised its price target on Cisco (NASDAQ: CSCO) to $39.00 (from $37.00) while maintaining a Buy rating. Cisco is in a multi-year transition in stabilizing the core and creating more recurring revenue. The direction seems correct and execution is improving.
Cisco slightly beat... More
Cisco (CSCO) PT Raised to $38 at MKM Partners Following 1Q
November 16, 2017 9:07 AM ESTMKM Partners raised its price target on Cisco (NASDAQ: CSCO) to $38.00 (from $34.00) while maintaining a Neutral rating following the company's 1Q earnings report. Cisco delivered in line revenues of $12.14bn and reported EPS of $0.61 or one penny better than expected.
MKM increased... More
Cisco (CSCO) PT Raised to $40 at Citi Following 1Q Release
November 16, 2017 8:53 AM ESTCiti raised its price target on Cisco (NASDAQ: CSCO) to $40.00 (from $36.00) while maintaining a Buy rating following the company's 1Q earnings report. Reported sales of $12.1b were inline with consensus but EPS of $0.61 was above consensus of $0.60.
The companys January quarter... More
Cisco (CSCO) PT Raised to $37 at BofA/Merrill Lynch Remains Sidelined
November 16, 2017 8:50 AM ESTBofA/Merrill Lynch raised its price target on Cisco (NASDAQ: CSCO) to $37.00 (from $35.00) while maintaining a Neutral rating. Ciscos 1Q18 was mostly inline, with strong margins driving a 1c EPS beat. Management is calling for slightly better than expected 2Q18 revenues,... More
Cisco (CSCO) PT Raised to $33 at Nomura/Instinet; Remains Sidelined
November 16, 2017 7:42 AM ESTNomura/Instinet raised its price target on Cisco (NASDAQ: CSCO) to $33.00 (from $29.00) while maintaining a Neutral rating following the company's 1Q earnings release. Strong interest in new Catalyst 9000 campus switches and 8% security growth helped Cisco match consensus $12.1bn in F1Q sales. F1Q... More
Cisco (CSCO) PT Raised to $39 at KeyBanc Following 1Q
November 16, 2017 7:34 AM ESTKeyBanc raised its price target on Cisco (NASDAQ: CSCO) to $39.00 (from $33.00) while maintaining a Overweight rating following the company's 1Q release. CSCO highlighted gains in its recurring revenue, now at 32% of total (+3 points y/y), driven by an ongoing channel push related to Cisco... More
