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Fly News Breaks for February 11, 2016
CSCO
Feb 11, 2016 | 06:55 EDT
Citi analyst Jim Suva says the 7% post-earnings rally in shares of Cisco is warranted. Despite the challenging macro environment coupled and major slowdown in orders in January, Cisco still beat on both sales and earnings and the company's guidance was stronger than peers, Suva tells investors in a research note. The results show Cisco is not the "old technology company investors are typically and historically accustomed to," the analyst contends. He reiterates a Buy rating on the stock with a $30 price target
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