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Fly News Breaks for September 3, 2015
CSCO
Sep 3, 2015 | 08:06 EDT
Bernstein says that Cisco should be boosted by increased IT spending going forward, as well as data networking advancements it will soon launch and multiple new products that it will soon introduce. Bernstein expects Cisco's gross margins to rise significantly over the longer term due to organizational and technological changes it is making. It keeps a $34 price target and Outperform rating on the shares.
News For 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.
