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CSCO

Cisco

$45.16

(0.00%)

09:26
05/17/18
05/17
09:26
05/17/18
09:26

Cisco post-earnings stock dip is a buying opportunity, says RBC Capital

RBC Capital analyst Mitch Steves kept his Outperform rating and $50 price target on Cisco, saying the slight pullback in the stock price following the in-line earnings and guidance may be a buying opportunity. The analyst cites continued growth in deferred revenues while also forecasting growth in Switching sales for 2-3 quarters given the backlog and its high margin levels. Steves also notes Cisco's history of buybacks when its stock price traded in $42-$44 per share range, creating a "nice support for the stock".

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CSCO Cisco
$45.16

(0.00%)

05/17/18
UBSW
05/17/18
NO CHANGE
Target $51
UBSW
Buy
Cisco business model progress encouraging, says UBS
UBS analyst Steven Milunovich noted Cisco's results were in-line, with revenue growth and EPS slightly ahead of consensus. He views public cloud and competition as headwinds, but finds the business model and culture changes as encouraging. Milunovich reiterated his Buy rating and $51 price target on Cisco shares.
05/17/18
BARD
05/17/18
NO CHANGE
Target $51
BARD
Outperform
Cisco weakness a buying opportunity, says Baird
Baird analyst Jayson Noland said Cisco posted a solid quarter on nearly all metrics and recommended buying the dip in the shares. The analyst said the selloff was due in part to high expectations against its in-line Q4 guidance. Noland reiterated his Outperform rating and $51 price target on Cisco shares.
05/17/18
JMPS
05/17/18
NO CHANGE
JMPS
Market Perform
Cisco results bode well for Arista, Nutanix and Palo Alto, says JMP Securities
JMP Securities analyst Erik Suppiger said Cisco (CSCO) noted strength in data center and campus switching in its Q3 earnings report, which suggests to him that demand trends are favorable for Arista Networks (ANET). In the DC business, Cisco noted it grew double digits year-over-year driven by its hyperconverged infrastructure product, which Suppiger sees pointing to favorable demand for Nutanix (NTNX). Additionally, security sales re-accelerated in the quarter to double-digit growth for the first time in over a year, which the analyst reads as a favorable trend for Palo Alto Networks (PANW). On Cisco itself, Suppiger said he sees the stock as fairly valued and he maintains a Market Perform rating on the shares.
05/17/18
MSCO
05/17/18
NO CHANGE
Target $50
MSCO
Overweight
Cisco laying groundwork for upside in FY19, says Morgan Stanley
Following Cisco's report of "strong" Q3 results and "generally positive" comments from management regarding the outlook, Morgan Stanley analyst James Faucette said the earnings call "offered ample evidence" Cisco's software strategy is progressing well. He sees software helping to stabilize equipment replacement cycles and believes the stock will approach $50 as the market becomes more convinced FY19 estimates are too low. Faucette maintains an Overweight rating and $50 price target on Cisco shares.

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TIF

Tiffany

$126.44

0.3 (0.24%)

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DECK

Deckers Brands

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USNA

USANA

$116.75

-2.85 (-2.38%)

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WB

Weibo

$102.36

-1.08 (-1.04%)

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  • 10

    Sep

HWC

Hancock Whitney Corporation

$51.60

-0.2 (-0.39%)

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Bravo Brio Restaurant

$4.05

(0.00%)

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HWC

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HBHC

Symbol changed to HWC

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General news
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SPLK

Splunk

$116.35

-0.2 (-0.17%)

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FL

Foot Locker

$46.38

1.35 (3.00%)

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WAL

Western Alliance

$61.53

-0.305 (-0.49%)

, FCB

FCB Financial

$61.60

0.2 (0.33%)

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$61.53

-0.305 (-0.49%)

FCB

FCB Financial

$61.60

0.2 (0.33%)

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LH

LabCorp

$175.31

-0.27 (-0.15%)

, DGX

Quest Diagnostics

$100.89

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DGX

Quest Diagnostics

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UNH

UnitedHealth

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AET

Aetna

$177.05

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ZOES

Zoe's Kitchen

$14.48

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$DJT

DJ Transportation Average

$0.00

(0.00%)

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$DJU

DJ Utility Average

$0.00

(0.00%)

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GPS

Gap

$32.97

1 (3.13%)

, LULU

Lululemon

$106.37

1.13 (1.07%)

08:20
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GPS

Gap

$32.97

1 (3.13%)

LULU

Lululemon

$106.37

1.13 (1.07%)

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

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IYT

iShares Transportation Average

$195.76

2.25 (1.16%)

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XLK

Technology Select Sector SPDR

$69.82

-0.04 (-0.06%)

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XLE

Energy Select Sector SPDR

$76.54

-1.29 (-1.66%)

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