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CSCO

Cisco

$33.82

-0.48 (-1.40%)

07:03
05/18/17
05/18
07:03
05/18/17
07:03

Cisco weakness a buying opportunity, says Citi

Citi analyst Jim Suva believes Cisco Systems' "good" Q3 results were overshadowed by its "concerning" outlook for Q4. The analyst lowered his price target for the shares to $36 from $37 and keeps a Buy rating on the name. The analyst notes Cisco's earnings and cash flow could benefit by 16% to 20% under the Trump administration's proposed lower U.S. taxes. Suva recommends buying the shares on the post-earnings pullback.

  • 12

    Jun

  • 12

    Jun

CSCO Cisco
$33.82

-0.48 (-1.40%)

05/18/17
JEFF
05/18/17
NO CHANGE
Target $37
JEFF
Buy
Cisco guidance 'not as bad as you think,' says Jefferies
Jefferies analyst George Notter says that while Cisco Systems' revenue guidance for the July quarter "looked poor," the outlook is "not as bad as you think." The company's transition to subscription models is having a bigger top line impact than management is suggesting, Notter tells investors in a post-earnings research note. He believes, however, that Cisco's fundamental business is better than perceived. The analyst continues to like the stock's risk/reward and keeps a Buy rating on the name with a $37 price target.
05/18/17
DBAB
05/18/17
NO CHANGE
Target $40
DBAB
Buy
Cisco price target lowered to $40 from $42 at Deutsche Bank
Deutsche Bank analyst Vijay Bhagavath lowered his price target for Cisco Systems to $40 from $42 following the Q3 results and keeps a Buy rating on the name. The Q4 outlook came in weaker than expected but the Q3 print was "solid," Bhagavath tells investors in a post-earnings research note. He sees Cisco as being "increasingly acquisitive to drive exogenous growth."
05/18/17
PIPR
05/18/17
NO CHANGE
Target $36
PIPR
Overweight
Cisco remains attractive despite guide down, says Piper Jaffray
Piper Jaffray analyst Troy Jensen views Cisco's April quarter as "respectable" but notes the company guided down for the July quarter. The analyst continues to believe that Cisco's transition to more of a software based model is impacting near-term revenue growth. While he expects year-over-year declines to continue for the next few quarters, Jensen believes Cisco shares look attractive at current levels. He reiterates an Overweight rating on the name with a $36 price target.
05/15/17
05/15/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Starbucks (SBUX) upgraded to Buy from Hold at Deutsche Bank with analyst Brett Levy saying following a year of transition, "rebounding results are possible." 2. Johnson & Johnson (JNJ) upgraded to Overweight from Neutral at JPMorgan with analyst Michael Weinstein saying the stock has underperformed over the past 12 months on the prospect of decelerating top-line growth in 2017. The thesis of sales growth deceleration will, after the second quarter, have played itself out, the analyst contends. 3. Cisco (CSCO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst James Faucette citing security-driven networking share gains long-term. 4. FMC Corporation (FMC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Frank Mitsch saying that after he spent time with management, he is more positive about FMC's profit opportunities with its transformation as well as the current agriculture cycle. 5. Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Deutsche Bank with analyst Brett Levy saying investors are likely to give the winning side of the upcoming board vote enough time to implement the necessary changes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ALNY

Alnylam

$64.09

-1.71 (-2.60%)

07:34
05/31/17
05/31
07:34
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07:34
Hot Stocks
FDA grants Breakthrough Therapy Designation for Alnylam's Givosiran »

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  • 06

    Jun

DAKT

Daktronics

$9.28

0.14 (1.53%)

07:33
05/31/17
05/31
07:33
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07:33
Earnings
Daktronics reports Q4 EPS 2c, consensus 6c »

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  • 31

    May

EC

Ecopetrol

$9.36

-0.23 (-2.40%)

07:33
05/31/17
05/31
07:33
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07:33
Downgrade
Ecopetrol rating change  »

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DNKN

Dunkin' Brands

$58.32

0.15 (0.26%)

07:32
05/31/17
05/31
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07:32
Hot Stocks
Dunkin' Brands names Kate Jaspon as CFO, effective June 5 »

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  • 20

    Jun

EXAS

Exact Sciences

$32.65

-0.67 (-2.01%)

, UNH

UnitedHealth

$176.59

-0.91 (-0.51%)

07:31
05/31/17
05/31
07:31
05/31/17
07:31
Recommendations
Exact Sciences, UnitedHealth analyst commentary  »

Exact Sciences remains a…

EXAS

Exact Sciences

$32.65

-0.67 (-2.01%)

UNH

UnitedHealth

$176.59

-0.91 (-0.51%)

03/08/13
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  • 06

    Jun

QCOM

Qualcomm

$57.34

-0.18 (-0.31%)

, NXPI

NXP Semiconductors

$108.14

0.14 (0.13%)

07:31
05/31/17
05/31
07:31
05/31/17
07:31
Hot Stocks
Qualcomm extends cash tender offer for NXP Semiconductors outstanding shares »

Qualcomm (QCOM) announced…

QCOM

Qualcomm

$57.34

-0.18 (-0.31%)

NXPI

NXP Semiconductors

$108.14

0.14 (0.13%)

03/08/13
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  • 01

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  • 09

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FRO

Frontline

$5.41

-0.22 (-3.91%)

07:31
05/31/17
05/31
07:31
05/31/17
07:31
Upgrade
Frontline rating change  »

Frontline upgraded to Buy…

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EGHT

8x8, Inc.

$13.60

0.1 (0.74%)

07:30
05/31/17
05/31
07:30
05/31/17
07:30
Conference/Events
8x8, Inc. management to meet with Needham »

Meeting to be held in…

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  • 31

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  • 01

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  • 06

    Jun

  • 06

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  • 08

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  • 13

    Jun

GNRT

Gener8 Maritime

$4.91

0.06 (1.24%)

, FRO

Frontline

$5.41

-0.22 (-3.91%)

07:30
05/31/17
05/31
07:30
05/31/17
07:30
Recommendations
Gener8 Maritime, Frontline, DHT Holdings analyst commentary  »

Gener8 Maritime advance…

GNRT

Gener8 Maritime

$4.91

0.06 (1.24%)

FRO

Frontline

$5.41

-0.22 (-3.91%)

DHT

DHT Holdings

$4.20

-0.07 (-1.64%)

03/08/13
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WLL

Whiting Petroleum

$7.28

-0.69 (-8.66%)

, ORCL

Oracle

$45.42

0.16 (0.35%)

07:30
05/31/17
05/31
07:30
05/31/17
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

WLL

Whiting Petroleum

$7.28

-0.69 (-8.66%)

ORCL

Oracle

$45.42

0.16 (0.35%)

03/08/13
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KORS

Michael Kors

$36.27

-0.49 (-1.33%)

07:25
05/31/17
05/31
07:25
05/31/17
07:25
Technical Analysis
Technical View: Michael Kors drops to new 52-week low after earnings »

In the pre-market the…

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  • 31

    May

CBS

CBS

$61.52

-0.05 (-0.08%)

, CBS.A

$63.50

-0.15 (-0.24%)

07:24
05/31/17
05/31
07:24
05/31/17
07:24
Periodicals
Scott Pelley to depart anchor role on 'CBS Evening News,' NY Times says »

CBS (CBS, CBS.A) news…

CBS

CBS

$61.52

-0.05 (-0.08%)

CBS.A

$63.50

-0.15 (-0.24%)

CMCSA

Comcast

$41.10

0.19 (0.46%)

CMCSK

Comcast

DIS

Disney

$108.34

-0.07 (-0.06%)

03/08/13
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03/06/13
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03/06/13
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  • 01

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  • 15

    Jun

KORS

Michael Kors

$36.27

-0.49 (-1.33%)

07:23
05/31/17
05/31
07:23
05/31/17
07:23
Hot Stocks
Breaking Hot Stocks news story on Michael Kors »

Michael Kors drops 7% in…

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  • 31

    May

UAA

Under Armour

$19.56

-0.13 (-0.66%)

07:23
05/31/17
05/31
07:23
05/31/17
07:23
Recommendations
Under Armour analyst commentary  »

Under Armour has reached…

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  • 31

    May

07:22
05/31/17
05/31
07:22
05/31/17
07:22
General news
Futures higher ahead of final trading for May »

Stock futures are above…

KORS

Michael Kors

$36.27

-0.49 (-1.33%)

07:22
05/31/17
05/31
07:22
05/31/17
07:22
Hot Stocks
Michael Kors says to close 100-125 full-price retail stores over next two years »

Michael Kors announced…

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  • 31

    May

MYL

Mylan

$39.36

-0.36 (-0.91%)

07:19
05/31/17
05/31
07:19
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07:19
Recommendations
Mylan analyst commentary  »

Pension fund campaign a…

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  • 03

    Sep

  • 09

    Oct

VIAB

Viacom

$35.05

-0.08 (-0.23%)

, VIA

Viacom

$38.90

0.5 (1.30%)

07:17
05/31/17
05/31
07:17
05/31/17
07:17
Recommendations
Viacom, Viacom analyst commentary  »

Viacom price target…

VIAB

Viacom

$35.05

-0.08 (-0.23%)

VIA

Viacom

$38.90

0.5 (1.30%)

03/08/13
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XXII

22nd Century

$1.37

-0.02 (-1.44%)

07:17
05/31/17
05/31
07:17
05/31/17
07:17
Hot Stocks
22nd Century reports 'dramatic surge' in VLN tobacco clinical trials, science »

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ABT

Abbott

$45.00

0.29 (0.65%)

07:16
05/31/17
05/31
07:16
05/31/17
07:16
Recommendations
Abbott analyst commentary  »

Abbott making progress, …

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GRMN

Garmin

$52.11

-0.29 (-0.55%)

07:15
05/31/17
05/31
07:15
05/31/17
07:15
Hot Stocks
Garmin launches Approach S60 golf watch »

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SLCA

U.S. Silica

$36.45

-0.76 (-2.04%)

07:15
05/31/17
05/31
07:15
05/31/17
07:15
Technical Analysis
Technical View: U.S. Silica trades higher in pre-market »

In the pre-market the…

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  • 20

    Jun

GPRK

GeoPark

$8.71

-0.18 (-2.02%)

07:12
05/31/17
05/31
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07:12
Hot Stocks
GeoPark names Coulter Enterprises Chairman and CEO Coulter to board »

GeoPark Limited announced…

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PRQR

ProQR Therapeutics

$4.70

-0.3 (-6.00%)

07:12
05/31/17
05/31
07:12
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07:12
Hot Stocks
ProQR Therapeutics' QR-110 granted Fast Track designation by FDA »

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MOH

Molina Healthcare

$66.30

-0.57 (-0.85%)

07:11
05/31/17
05/31
07:11
05/31/17
07:11
Downgrade
Molina Healthcare rating change  »

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