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CSCO

Cisco

$45.01

-0.12 (-0.27%)

12:17
11/14/18
11/14
12:17
11/14/18
12:17

Fly Intel: What to watch for in Cisco's earnings report

Cisco (CSCO) is scheduled to report results of its fiscal first quarter after the market close on Wednesday, November 14, with a conference call scheduled for 4:30 pm ET. What to watch for: 1. CONSENSUS UP A TICK: Along with its last report, Cisco guided for Q1 earnings per share in the range of 70c-72c on revenue growth of 5%-7%. At the time, analysts expected the company to report Q1 EPS of 69c on revenue of $12.61B, but those figures have both since risen to 72c and $12.87B, respectively. 2. VENTURE FUND: Early last month, CNBC reported that Cisco had become the principal investor in a $500M venture fund that will be run by Jon Sakoda, managing director of Catalyst Labs Fund I and a former partner at venture firm NEA. According to the report, the fund is focused on making early-stage bets, broadening Cisco's startup investing strategcy which had previously been focused on later-stage companies. 3. DB SEES PATH TO $75 PER SHARE: In mid-October, Deutsche Bank analyst Vijay Bhagavath sent a research note to investors highlighting a "Bull Case View" on Cisco, which presented a "line of sight" to $75 per share. The analyst noted that this represents "60% outperformance potential, based on a fairly modest" assumptions. Bhagavath added that the assumptions include a 16 times enterprise value to free cash flow multiple on his $4.55 fiscal 2021 free cash flow per share scenario. The analyst at the time maintained a Buy rating on Cisco. 4. OPCO SEES IN-LINE QUARTER: Earlier this month, Oppenheimer analyst Ittai Kidron maintained an Outperform rating and $50 price target on Cisco, saying that based on channel checks in the U.S. and Europe, he anticipates an in-line report. The analyst noted that he is "slightly more cautious" on the January quarter, though he still expects the company to meet consensus estimates.

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CSCO Cisco
$45.01

-0.12 (-0.27%)

11/02/18
OPCO
11/02/18
NO CHANGE
Target $50
OPCO
Outperform
Cisco likely to report in-line quarter based on channel checks, says Oppenheimer
Oppenheimer analyst Ittai Kidron maintain an Outperform rating and $50 price target on Cisco Systems ahead of the company's quarterly results, telling investors that based on channel checks in the U.S. and Europe, he expects an in-line report. Kidron says he is "slightly more cautious" on the January quarter, but still expects the company to meet consensus estimates.
10/18/18
DBAB
10/18/18
NO CHANGE
DBAB
Buy
Deutsche Bank presents path to $75 per share for Cisco Systems
Deutsche Bank analyst Vijay Bhagavath is out with a research note highlighting a "Bull Case View" on Cisco Systems, which presents a "line of sight" to $75 per share. This represents "60% outperformance potential, based on a fairly modest" assumptions, Bhagavath tells investors. The assumptions include a 16 times enterprise value to free cash flow multiple on his $4.55 fiscal 2021 free cash flow per share scenario. The analyst's bull case for fiscal 2021 calls for a 7% sales growth scenario at 65% gross margin, 35% operating margin, and low-teens free cash flow growth. Bhagavath keeps a Buy rating on shares of Cisco.
10/17/18
BARD
10/17/18
INITIATION
BARD
Outperform
Proofpoint assumed with an Outperform at Baird
Baird analyst Jonathan Ruykhaver assumed coverage on Proofpoint (PFPT) with an Outperform rating and $130 price target. The analyst calls the stock's valuation "compelling," noting that Proofpoint's email security solution is among the best-rated technologies from industry experts, and saying he has a very high regard for the executive team. Additionally, Ruykhaver views the threat of increased competition from established providers like Cisco (CSCO) and Symantec (SYMC) to be "muted."
10/15/18
WBLR
10/15/18
NO CHANGE
WBLR
Outperform
Arista higher after William Blair uncovers 'game-changing' Pentagon win
William Blair analyst Jason Ader says he recently learned from a federal value-added reseller contact that Arista Networks (ANET) has won a multiyear award with the Department of Defense for the unclassified piece of the Pentagon network, which encompasses 80,000 ports across multiple facilities. Shares of Arista Networks are up 3%, or $7.13, to $229.50 in premarket trading. The analyst's contact estimates the size of the contract at roughly $100M over multiple years, shared among Arista, Aruba, and the VAR. The contract win was a competitive displacement of Cisco Systems (CSCO), and includes Arista for core switching and routing, and Aruba for edge switching, Ader tells investors in a research note. He points out that the award is currently under protest by Cisco. While the deal by itself "should be a needle-mover" for Arista, it also represents a "game-changing development for the company in the U.S. federal vertical, where it has had very limited penetration historically," Ader contends. He believes the win "could open many new doors in the future" for Arista, both in Department of Defense and other government agencies. Ader reiterates an Outperform rating on Arista.

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HA

Hawaiian Holdings

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FCCO

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GOOG

Alphabet

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HMNY

Helios and Matheson

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PLM

PolyMet Mining

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AAL

American Airlines

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LZB

La-Z-Boy

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-1.325 (-4.16%)

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Nordson

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Cree

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CE

Celanese

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Walmart

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