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Fly News Breaks for February 16, 2018
CSCO, ANET
Feb 16, 2018 | 09:30 EDT
MKM Partners analyst Michael Genovese raised his price target on Arista Networks (ANET) to $285, saying that while Q4 earnings beat consensus, the stock price fell on less than expected Cloud Titan sales. The analyst says that the vertical did not perform up to bull case expectations, with about 20% of workaround certifications slipping from Q4 to Q1 because of Cisco (CSCO) patent lawsuits. Longer term, Genovese keeps his Neutral rating on Arista Networks, saying the company is "fantastic" but its valuation is appropriate.
News For ANET;CSCO From the Last 2 Days
CSCO
Apr 15, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CSCO
Apr 15, 2024 | 12:52 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CSCO
Apr 15, 2024 | 09:41 EDT
CSCO
Apr 15, 2024 | 06:06 EDT
BofA analyst Tal Liani upgraded Cisco to Buy from Neutral with a price target of $60, up from $55. The analyst sees three catalysts for growth acceleration: networking to normalize and see renewed growth driven by share gains, security growth to accelerate with the help of firewall stabilization and new product launches, and growth synergies from the Splunk acquisition. While Cisco's next two quarters will remain pressured, this weakness is fully reflected in Street expectations, the analyst tells investors in a research note.
