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CSCO

Cisco

$57.13

0.72 (1.28%)

, ANET

Arista Networks

$242.87

-7.18 (-2.87%)

06:13
06/12/19
06/12
06:13
06/12/19
06:13

William Blair downgrades Cisco Systems, sees growth pressures in 2020

William Blair analyst Jason Ader downgraded Cisco Systems (CSCO) to Market Perform from Outperform. The analyst sees "signs of tightening demand" across IT infrastructure, which he believes could pressure growth in Cisco's fiscal 2020, "especially when compared against unusually strong demand in fiscal 2019." Further, one-time tailwinds to the company's fiscal 2019 revenue growth, including ASC 606 and tariff-driven price hikes, will expire, Ader tells investors in a research note. The analyst also sees long-term threats to Cisco from Arista Networks' (ANET) entry into the campus market. Ader now believes upside to Cisco's consensus estimates, as well as multiple expansion, "will be more challenging from here."

CSCO

Cisco

$57.13

0.72 (1.28%)

ANET

Arista Networks

$242.87

-7.18 (-2.87%)

  • 16

    Jul

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    Aug

CSCO Cisco
$57.13

0.72 (1.28%)

05/16/19
FBCO
05/16/19
NO CHANGE
Target $52
FBCO
Neutral
Cisco price target raised to $52 from $47 at Credit Suisse
Credit Suisse analyst Sami Badri raised his price target for Cisco to $52 from $47 as broad strength highlights Q3 earnings. The analyst reiterates a Neutral rating on the shares.
05/16/19
MKMP
05/16/19
NO CHANGE
Target $56
MKMP
Neutral
Cisco price target raised to $56 from $54 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Cisco to $56 after its Q3 earnings beat, saying the company generated "good headline numbers" with a 4% rate of growth in organic revenues and new product orders. The analyst also cites the company commentary suggesting that the impact from the escalating China trade tensions has been minimal. Genovese maintains his Neutral rating on Cisco shares however, noting that Q3 marked a deceleration in the company's order rate from 8% in Q2 and adding that the stock typically "outperforms when orders are accelerating."
05/30/19
JPMS
05/30/19
NO CHANGE
JPMS
JPMorgan views Cisco, Ciena as 'safe havens' during trade war
The vast majority of the multiple de-rating in the Networking/IT Hardware sector has been driven by investor concerns relative to the recent escalation in the trade stand-off with China, and investors are mindful of stocks with high exposure to China and/or Huawei, JPMorgan analyst Samik Chatterjee tells investors in a research note. The analyst continues to recommend Cisco Systems (CSCO) as his top pick for investors as a "relative safe haven," along with Ciena (CIEN), as he believes the company's upcoming fiscal Q2 results will likely be a catalyst. Beyond these names, Chatterjee sees a favorable set up for Neutral-rated Arista Networks (ANET) and he continues to recommend Overweight-rated Lumentum (LITE), despite its high exposure to both China and Huawei.
06/12/19
WBLR
06/12/19
DOWNGRADE
WBLR
Market Perform
Cisco downgraded to Market Perform from Outperform at William Blair
William Blair analyst Jason Ader downgraded Cisco to Market Perform from Outperform saying growth headwinds are developing.
ANET Arista Networks
$242.87

-7.18 (-2.87%)

05/06/19
MKMP
05/06/19
NO CHANGE
Target $295
MKMP
Neutral
Arista Networks price target raised to $295 from $275 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Arista Networks to $295, modeling a higher implied forward earnings multiple of 25-times vs. 22.5-times prior even though the company's Q2 revenue guidance missed expectations and the stock fell over 10% on Friday. The analyst believes that the spending by Arista Networks' large customers could recover and also sees the investment story on the stock as more "interesting" following the guidance reset. Genovese is keeping his Neutral rating on the shares which he maintains are "still expensive", even though he sees the company's Campus opportunity as intriguing.
05/06/19
WOLF
05/06/19
UPGRADE
WOLF
Peer Perform
Arista Networks upgraded to Peer Perform from Underperform at Wolfe Research
Wolfe Research upgraded Arista Networks to Peer Perform from Underperform and raised its price target to $270 from $225 citing the recent pullback in shares and expectations for a rebound in the cloud business.
06/06/19
PIPR
06/06/19
NO CHANGE
PIPR
Piper updates top picks across Security, Storage and Networking
Piper Jaffray analyst Andrew Nowinski updated his top picks across the Security, Storage and Networking sectors. The analyst's top picks in Security are Proofpoint (PFPT), SailPoint (SAIL) and Zscaler (ZS). His top picks in Storage are Pure Storage (PSTG) and NetApp (NTAP). And his top picks in Networking are Akamai (AKAM) and Arista Networks (ANET).

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CYRN

Cyren

$1.60

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21:32
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VEC

Vectrus

$38.28

-0.12 (-0.31%)

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OSPN

OneSpan

$13.81

-0.38 (-2.68%)

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CMBM

Cambium Networks

$0.00

(0.00%)

21:29
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Syndicate
Cambium Networks 5.8M share IPO price $12.00 »

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VICI

VICI Properties

$21.80

-0.52 (-2.33%)

21:27
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21:27
Syndicate
VICI Properties 100M share Secondary priced at $21.50 »

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20:25
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Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

Asian Technology Analysts…

GIS

General Mills

$53.70

0.04 (0.07%)

, PAYX

Paychex

$84.76

-1.41 (-1.64%)

20:25
06/25/19
06/25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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General Mills

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PAYX

Paychex

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BAX

Baxter

$81.71

-0.58 (-0.70%)

19:32
06/25/19
06/25
19:32
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19:32
Initiation
Baxter initiated at KeyBanc »

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FB

Facebook

$188.87

-3.69 (-1.92%)

19:21
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19:21
Periodicals
Brazil court reduces fine for Facebook's refusal to share data, Reuters says »

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PCG

PG&E

$21.62

-0.02 (-0.09%)

19:01
06/25/19
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19:01
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19:01
Periodicals
PG&E bondholders seek control of utility's bankruptcy, SVBJ reports »

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KMI

Kinder Morgan

$20.58

-0.58 (-2.74%)

18:55
06/25/19
06/25
18:55
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18:55
Hot Stocks
Kinder Morgan says 'very pleased' with Travis County District Court ruling »

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MU

Micron

$32.71

-0.47 (-1.42%)

, FDX

FedEx

$156.00

-4.88 (-3.03%)

18:37
06/25/19
06/25
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18:37
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Micron…

MU

Micron

$32.71

-0.47 (-1.42%)

FDX

FedEx

$156.00

-4.88 (-3.03%)

AVAV

AeroVironment

$61.41

-0.52 (-0.84%)

GBT

Global Blood Therapeutics

$62.42

-0.87 (-1.37%)

03/08/13
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18:15
06/25/19
06/25
18:15
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18:15
General news
Breaking General news story  »

St. Louis Federal Reserve…

CMCSA

Comcast

$42.75

-0.85 (-1.95%)

, CMCSK

Comcast

$0.00

(0.00%)

18:06
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Periodicals
NBC to pull 'The Office' from Netflix in 2021, CNBC says »

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CMCSA

Comcast

$42.75

-0.85 (-1.95%)

CMCSK

Comcast

$0.00

(0.00%)

NFLX

Netflix

$360.29

-10.72 (-2.89%)

03/08/13
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FDX

FedEx

$156.00

-4.88 (-3.03%)

18:03
06/25/19
06/25
18:03
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18:03
Hot Stocks
FedEx says U.S. government placing burden on carriers with regulations »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

18:01
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Hot Stocks
FedEx says Huawei packages 'only peripherally' involved in U.S. lawsuit »

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QD

Qudian

$8.46

-0.275 (-3.15%)

18:00
06/25/19
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18:00
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18:00
Syndicate
Breaking Syndicate news story on Qudian »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

, AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

17:57
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06/25
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17:57
Hot Stocks
Breaking Hot Stocks news story on FedEx, Amazon.com »

FedEx says loss of Amazon…

FDX

FedEx

$156.00

-4.88 (-3.03%)

AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:56
06/25/19
06/25
17:56
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17:56
Hot Stocks
FedEx sees buyback level significantly lower in FY20 »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:51
06/25/19
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17:51
Hot Stocks
FedEx says has made no pricing changes »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:46
06/25/19
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17:46
Hot Stocks
FedEx says international commercial team still poised for growth »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:43
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17:43
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Hot Stocks
FedEx says global trade picture 'less than ideal' »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:38
06/25/19
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17:38
Hot Stocks
FedEx calls FY20 a 'transition year' »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:37
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Hot Stocks
FedEx says intends to substantially grow e-commerce business »

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CNX

CNX Resources

$6.83

-0.345 (-4.81%)

17:36
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06/25
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17:36
Hot Stocks
CNX Resources director Bernard Lanigan purchases 36,200 shares of company stock »

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