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Fly News Breaks for August 16, 2018
CSCO
Aug 16, 2018 | 07:28 EDT
Citi analyst Jim Suva thinks Cisco's Q4 results and Q1 outlook underscore his belief that consensus is underestimating the strength of the enterprise market coupled with Cisco's newer products, services and security offerings. He also believes the roll out of 5G will provide multiple years of growth for Cisco, he tells investors in a post-earnings research note. Suva reiterates his Buy rating and $52 price target on Cisco shares, which are up $3.01, or 6.9%, to $46.87 in pre-market trading.
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