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Fly News Breaks for February 11, 2016
CSCO
Feb 11, 2016 | 07:16 EDT
Wells Fargo believes that Cisco reported solid Q2 results, and the firm says that the company's roughly in-line Q3 guidance is likely to be well-received, given investors' cautious outlook heading into the results. We;;s says that the results reflected a number of positive developments, including strength in multiple key growth markets, higher margins, and strong deferred revenue trends. Wells keeps an Outperform rating on the shares.
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