After-hours movers: Cisco Systems, Nike, Lumentum, Ulta Beauty
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StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- 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
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Needham Starts NeoVolta (NEOV) at Buy
HSBC Upgrades Cisco (CSCO) to Buy, 'Expect sharp growth'
August 16, 2024 6:40 AM EDTHSBC analyst Stephen Bersey upgraded Cisco (NASDAQ: CSCO) from Hold to Buy with a price target of $58.00 (from $46.00).
The analyst comments "Expect sharp growth: We expect Ciscos non-GAAP EPS to rise at a CAGR of 11.6% over CY24-27e. For FY25e, we expect non-GAAP EPS of USD3.86, ahead of company guidance of USD3.55 and consensus of... More
Williams Trading Double Upgrades Nike (NKE) to Buy
August 16, 2024 6:37 AM EDTWilliams Trading analyst Sam Poser upgraded Nike (NYSE: NKE) from Sell to Buy with a price target of $93.00 (from $67.00).
The analyst comments "Upgrading to Buy. Raising PT from $67 to $93. It is not that we believe a major directional change for the business... More
BofA Securities Reiterates Buy Rating on Cisco (CSCO)
August 15, 2024 9:38 AM EDTBofA Securities analyst Tal Liani reiterated a Buy rating and $60.00 price target on Cisco (NASDAQ: CSCO).
The analyst comments "4Q24 revenue growth of -10.3% YoY was better than Street's -11%, supported by better-than-expected product revenue growth. Order trends improved, with total... More
Lumentum (LITE) PT Raised to $69 at Rosenblatt
August 15, 2024 6:51 AM EDTRosenblatt analyst Mike Genovese raised the price target on Lumentum (NASDAQ: LITE) to $69.00 (from $65.00) while maintaining a Buy rating.
The analyst comments "Lumentum turned in a surprising 4Q24 beat and 1Q25 raise with strength in its Networking & Cloud segment. The Industrial Tech segment missed due to ongoing weakness in... More
Cisco (CSCO) PT Raised to $58 at Rosenblatt
August 15, 2024 6:44 AM EDTRosenblatt analyst Mike Genovese raised the price target on Cisco (NASDAQ: CSCO) to $58.00 (from $56.00) while maintaining a Neutral rating.
The analyst comments "We thought it was a pretty good quarter, but are maintaining a Neutral rating, We would rather own Extreme (EXTR, Buy) for... More
Lumentum (LITE) PT Raised to $70 at Needham
August 15, 2024 6:28 AM EDTNeedham analyst Alex Henderson raised the price target on Lumentum (NASDAQ: LITE) to $70.00 (from $65.00) while maintaining a Buy rating.
The analyst comments "Lumentum posted slight upside to CY2Q/FY4Q Revenues and EPS against very depressed guidance around... More
Lumentum (LITE) PT Raised to $50 at BofA Securities
August 15, 2024 6:25 AM EDTBofA Securities analyst Vivek Arya raised the price target on Lumentum (NASDAQ: LITE) to $50.00 (from $45.00) while maintaining a Underperform rating.
The analyst comments "We like the: 1) nascent signs of legacy telco bottoming and 2) improving chances of building an AI transceiver foothold (second unnamed... More
Lumentum (LITE) PT Raised to $65 at Jefferies
August 15, 2024 5:50 AM EDTJefferies analyst George Notter raised the price target on Lumentum (NASDAQ: LITE) to $65.00 (from $53.00) while maintaining a Buy rating.
The analyst comments "June was the trough quarter. More importantly, the world is coming to Lumentum as larger and larger GPU clusters require... More
