Cisco Systems (CSCO) Announces Resignation of Ekta Singh-Bushell from Board

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Cisco (CSCO) PT Raised to $78 at Tigress, 'will continue to benefit from the increasing demand for smart AI-driven high-speed network bandwidth and security'

October 14, 2024 1:56 PM EDT

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Cisco (NASDAQ: CSCO) to $78.00 while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and increase our 12-month target price to $78 as CSCO will continue to benefit from the increasing demand for smart AI-driven high-speed network bandwidth and security, and its ongoing business optimization and transition to its subscription-driven revenue model will drive an increasing acceleration in long-term shareholder value creation. CSCO continues to shift to smart AI-driven networks and increase cybersecurity integration to reverse the recent decline in... More

Cisco Systems (CSCO) Shares Slide on Circulation of Unconfirmed Breach

October 14, 2024 1:51 PM EDT

Cisco Systems (NASDAQ: CSCO) Shares Slide on Circulation of Unconfirmed Breach.

Comments circulated on X: "IntelBroker, in collaboration with EnergyWeaponUser and zjj, allegedly claims to be selling data from a recent Cisco breach. The compromised data reportedly includes GitHub and GitLab projects, SonarQube projects,... More