Cisco Reports First Quarter Earnings

Cisco (CSCO) PT Raised to $39 at UBS; Reiterates Buy

UBS 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 $40 at FBN Securities

FBN Securities raised its price target on Cisco (NASDAQ: CSCO) to $40.00 (from $35.00) while maintaining an Outperform rating following solid Q1 results.

Analyst Shebly Seyrafi notes results were helped by a more modest decline in switching, growth in collaboration, an acceleration in security... More

Cisco (CSCO) PT Raised to $38 at MKM Partners Following 1Q

MKM 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 Bernstein

Bernstein raised its price target on Cisco (NASDAQ: CSCO) to $40.00 (from $38.00) while maintaining an Outperform rating following in-line Q1 and Q2 guidance well ahead on the top-line.

Analyst Pierre Ferragu notes the pace of the transition to subscription remains ahead of schedule and is likely to accelerate.

Cisco (CSCO) PT Raised to $40 at Citi Following 1Q Release

Citi 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

BofA/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 $44 at Drexel Hamilton

Drexel Hamilton raised its price target on Cisco (NASDAQ: CSCO) to $44.00 (from $39.00) while maintaining a Buy rating following strong Q1 results and a solid Q2 outlook.

Analyst Brian White noted the tone of Cisco's call was positive and product orders... More

Cisco (CSCO) PT Raised to $33 at Nomura/Instinet; Remains Sidelined

Nomura/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

KeyBanc 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

Cisco (CSCO) PT Raised to $40 at Jefferies; 'Breakout Quarter'

Jefferies raised its price target on Cisco (NASDAQ: CSCO) to $40.00 (from $37.00) while maintaining a Buy rating.

Analyst George C. Notter called it a "breakout quarter for Cisco."

The print, guidance, and the narrative around the business were significantly better than many... More

Cisco (CSCO) PT Raised to $45 at Deutsche Bank

Deutsche Bank raised its price target on Cisco (NASDAQ: CSCO) to $45.00 (from $40.00) while maintaining a Buy rating following Q1.

Analyst Vijay Bhagavath notes the solid Q1 was driven by a return to order growth in all 3 geographic regions, continuing Cat 9K strength (+1,100... More

Cisco Systems (CSCO) Tops Q1 EPS by 1c

Cisco Systems (NASDAQ: CSCO) reported Q1 EPS of $0.61, $0.01 better than the analyst estimate of $0.60. Revenue for the quarter fell 2% to $12.1 billion versus the consensus estimate of $12.11 billion.

GUIDANCE:

Cisco Systems sees Q2 2018 EPS of $0.58-$0.60, versus the consensus of... More