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CSCO

Cisco

$45.16

-0.32 (-0.70%)

07:25
05/17/18
05/17
07:25
05/17/18
07:25

Cisco in transition in shift towards recurring revenue model, says Credit Suisse

Credit Suisse analyst Sami Badri maintained a Neutral rating and $41 price target on Cisco Systems following the company's in-line Q3 results, which were driven by product revenue, which increased 4.7% year-over-year, outpacing services revenue growth of 3.4% y/y. In a research note to investors, Badri called out Cisco as "the leading and most dominant player" across several communications and networking markets, but stressed that the company remains in transition as its business is shifted towards a more software/recurring revenue model.

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CSCO Cisco
$45.16

-0.32 (-0.70%)

05/03/18
JPMS
05/03/18
INITIATION
Target $57
JPMS
Overweight
Cisco initiated with an Overweight at JPMorgan
JPMorgan analyst Samik Chatterjee started Cisco Systems with an Overweight rating and $57 price target. The analyst initiated coverage on the Networking Equipment industry with a favorable growth outlook, partly offset by pricing headwinds from lower cost per bit of data. Chatterjee believes Cisco is best positioned to navigate the industry transformation.
05/14/18
COWN
05/14/18
NO CHANGE
Target $51
COWN
Outperform
Cisco comp position improving meaningfully, says Cowen
Cowen analyst Paul Silverstein said his Cisco channel checks suggest the company is meaningfully improving its comp position in terms of both its customer approach and its solutions, which along with its improving macro and ramping campus switching upgrade cycle should help revenue. Silverstein reiterated his Outperform rating and $51 price target on Cisco shares.
05/17/18
PIPR
05/17/18
NO CHANGE
Target $50
PIPR
Overweight
Cisco earnings selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst James Fish recommends using today's post-earnings selloff in shares of Cisco Systems as a buying opportunity. The company's "solid" Q3 exceeded most metrics, with the only "disappointments" being the lower percentage of recurring revenue, implied recurring software product revenue, services revenue, and reported free cash flow, Fish tells investors in a research note titled "When You Dip, We Dip, So Buy the Dip; Cisco Remains Top Pick." The analyst notes that Cisco's core business continues to grow and that comps get easier in fiscal Q4 and Q1. He believes the company's free cash flow remains underestimated and reiterates an Overweight rating on the shares. The analyst bumped up his price target to $50 from $49.
05/17/18
JPMS
05/17/18
NO CHANGE
Target $58
JPMS
Overweight
Cisco should be bought on post-earnings selloff, says JPMorgan
JPMorgan analyst Samik Chatterjee recommends buying shares of Cisco Systems on the selloff post last night's Q3 results. The company "demonstrated strong execution" as it reported revenue growth, operating margin, and earnings, all marginally above consensus expectations and toward the high-end of issued guidance, Chatterjee tells investors in a research note. The analyst raised his price target for the shares to $58 from $57 and keeps an Overweight rating on Cisco.

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DGLY

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HF

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VIX

Volatility Index S&P 500 Options

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OMED

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MTEM

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$NSD

NASDAQ Market Internals

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SPDR S&P 500 ETF Trust

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-0.65 (-0.24%)

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$13.68

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$NYE

NYSE Market Internals

$0.00

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DIS

Disney

$102.20

0.1 (0.10%)

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Periodicals
Disney cuts opening weekend sales forecast for 'Solo', Bloomberg says »

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FMSA

Fairmount Santrol

$5.51

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RMBL

RumbleON

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UAVS

Ageagle Aerial Systems

$2.25

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ARCI

Appliance Recycling

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CIT

CIT Group

$51.62

-1.13 (-2.14%)

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TRVG

Trivago

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MGLN

Magellan Health

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LPI

Laredo Petroleum

$8.60

-0.765 (-8.17%)

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GE

General Electric

$14.57

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AZN

AstraZeneca

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HEDJ

WisdomTree Europe Hedged Equity Fund

$66.46

-0.24 (-0.36%)

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Wisdom Tree Europe Hedged Equity Fund attracts put buying »

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ATUS

Altice USA

$18.43

-0.12 (-0.65%)

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Conference/Events
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CLX

Clorox

$122.59

2.89 (2.41%)

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QCOM

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OA

Orbital ATK

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