Cisco shares surge on earnings beat and job cuts
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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
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
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
