Cisco rises as networking equipment demand rebound takes root

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Argus Reiterates Buy Rating on Cisco (CSCO)

May 17, 2024 1:48 PM EDT

Argus 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