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Fly News Breaks for August 17, 2017
CSCO
Aug 17, 2017 | 08:31 EDT
Baird analyst Jayson Noland noted Cisco reported in line Q4 results and guidance was OK considering the shift to a subscription revenue model. The shift is a near-term revenue challenge but a strong long-term positive for the company. He said he continues to see value in Cisco shares at current levels. Noland reiterated his Outperform rating and $38 price target on Cisco shares.
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