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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- 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
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Argus Reiterates Buy Rating on Cisco (CSCO)
May 17, 2024 1:48 PM EDTArgus analyst Jim Kelleher reiterated a Buy rating and $70.00 price target on Cisco (NASDAQ: CSCO).
The analyst comments "BUY-rated Cisco Systems Inc. (NGS: CSCO) fell 2% in a positive market on 5/16/24 after the company reported fiscal 3Q24 revenue and non-GAAP EPS that edged past consensus... More
Cisco (CSCO) PT Raised to $57 at Wells Fargo
May 16, 2024 5:40 AM EDTWells Fargo analyst Aaron Rakers raised the price target on Cisco (NASDAQ: CSCO) to $57.00 (from $52.00) while maintaining a Equal Weight rating.
The analyst comments "Although we maintain a positive long-term view on Cisco's subscription model execution and incremental webscale traction, several... More
