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Fly News Breaks for August 17, 2017
CSCO
Aug 17, 2017 | 07:28 EDT
UBS analyst Steven Milunovich noted Cisco reported a slight Q4 earnings beat offset by lower margins and inline guidance. The analyst feels the stock will be range bound for now given its low cloud exposure and a transition to recurring software revenue that reduces reported revenue growth. Milunovich maintained his Buy rating and $37 price target on Cisco shares.
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