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CSCO

Cisco

$50.66

-2.09 (-3.96%)

06:07
08/15/19
08/15
06:07
08/15/19
06:07

Piper lowers Cisco target to $55, says earnings selloff 'slightly overdone'

Piper Jaffray analyst James Fish lowered his price target for Cisco Systems to $55 from $58 saying the company's fiscal Q4 results "were fine overall," despite greater than anticipated weakness from service providers and China. The softness in July is expected to carry forward into Q1, resulting in flat year-over-year guidance, Fish tells investors in a research note. The analyst, however, believes Cisco is executing better than other vendors in this current macro downturn. The 8% after-hours selloff in the shares is "slightly overdone," says Fish, who keeps an Overweight rating on Cisco.

  • 09

    Sep

  • 10

    Oct

CSCO Cisco
$50.66

-2.09 (-3.96%)

07/30/19
NOMU
07/30/19
NO CHANGE
Target $53
NOMU
Neutral
Cisco price target raised to $53 from $50 at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal raised his price target for Cisco Systems to $53 from $50 saying his confidence in the "refresh story" and appreciation for the company's efforts to reboot its webscale switching business has risen through the quarter. However, the analyst is also increasingly concerned over factors beyond Cisco's control, namely the macro environment. As such, he keeps a Neutral rating on shares of Cisco Systems.
08/07/19
LEHM
08/07/19
INITIATION
Target $52
LEHM
Equal Weight
Cisco initiated with an Equal Weight at Barclays
Barclays analyst Tim Long initiated Cisco with an Equal Weight rating and a price target of $52. The analyst says the company has had a "solid year" as spending on Networking equipment has outperformed segments like Server and Storage, but believes investors should not chase the stock at current levels. Long also notes that Cisco has experienced loss of market share in Switching, Routing, and WLAN, and sees no upside catalysts to raise the stock price further.
08/07/19
LEHM
08/07/19
INITIATION
Target $27
LEHM
Equal Weight
Juniper initiated with an Equal Weight at Barclays
Barclays analyst Tim Long initiated Juniper (JNPR) with an Equal Weight rating and a price target of $27. The analyst says the company has lost market share in the "challenging" telco routing end market, noting that while its average selling prices have stabilized, the performance of that business could be "volatile". Long adds that Cisco (CSCO) and Arista Networks (ANET) competition have kept Juniper from making share gains in the switching business.
08/12/19
JPMS
08/12/19
NO CHANGE
Target $62
JPMS
Overweight
Cisco pullback presents 'attractive' buying opportunity, says JPMorgan
JPMorgan analyst Samik Chatterjee sees an "attractive" buying opportunity with Cisco (CSCO) shares down 10% from its 52-week high. Recent investor concerns over a softer macro outlook and softening Enterprise IT spending following NetApp's (NTAP) negative preannouncement are overdone, Chatterjee tells investors in a research note. Both of Cisco's direct competitors in networking equipment, Arista Networks (ANET) and Juniper (JNPR), highlighted a strong Enterprise growth, Chatterjee tells investors in a research note. Further, Cisco's accelerating sales momentum driven by Campus switching and Security product cycle will allow the company to offset macro headwinds, adds the analyst. He keeps an Overweight rating on the shares with a $62 price target ahead of Cisco's fiscal Q4 results on August 14.

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LSI

Life Storage

$103.32

-0.13 (-0.13%)

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Public Storage

$260.45

-0.6 (-0.23%)

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VSTO

Vista Outdoor

$4.90

0.18 (3.81%)

09:20
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PSA

Public Storage

$260.45

-0.6 (-0.23%)

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Life Storage

$103.32

-0.13 (-0.13%)

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DXCM

DexCom

$168.11

4.6 (2.81%)

09:18
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SPX

S&P 500

$0.00

(0.00%)

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Volatility Index S&P 500 Options

$0.00

(0.00%)

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Overnight activity included 766 trades in SPX and 10 trades in VIX »

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ASGN

ASGN

$62.17

-0.17 (-0.27%)

, GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

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ASGN segment named Google cloud platform premier partner »

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ASGN

ASGN

$62.17

-0.17 (-0.27%)

GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

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LOW

Lowe's

$98.04

3.07 (3.23%)

09:16
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Lowe's says average ticket grew 2% in Q2 »

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BRPA

Big Rock Partners Acquisition

$10.48

0.01 (0.10%)

09:13
08/21/19
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09:13
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09:13
Conference/Events
Big Rock Partners Acquisition to host special shareholder meeting »

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EA

Electronic Arts

$92.70

1.8 (1.98%)

09:12
08/21/19
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09:12
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Electronic Arts analyst commentary  »

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FIT

Fitbit

$2.94

0.01 (0.34%)

09:11
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Fitbit announces collaboration with Singapore's Health Promotion Board »

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TJX

TJX

$51.55

(0.00%)

09:11
08/21/19
08/21
09:11
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TJX analyst commentary  »

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AMZN

Amazon.com

$1,802.08

-14.21 (-0.78%)

09:10
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Amazon expands Portland Tech Hub, plans to create 400 new tech jobs »

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FICO

Fair Isaac

$346.16

1.16 (0.34%)

09:10
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Fair Isaac CTO Stuart Wells resigns, Claus Moldt succeeds »

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MRUS

Merus

$17.83

-0.63 (-3.41%)

09:09
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Syndicate
Breaking Syndicate news story on Merus »

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SIRI

Sirius XM

$6.10

-0.085 (-1.38%)

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Sirius XM announces new streaming subscription offer for college students »

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ORI

Old Republic

$21.97

-0.33 (-1.48%)

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Old Republic announces changes in senior executive ranks »

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HUBB

Hubbell

$127.70

-0.27 (-0.21%)

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  • 27

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CMI

Cummins

$146.08

-1.629 (-1.10%)

09:06
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Cummins COO Rich Freeland to retire, Tony Satterthwaite to succeed »

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CTRE

CareTrust REIT

$23.46

0.01 (0.04%)

09:05
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ORI

Old Republic

$21.97

-0.33 (-1.48%)

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Old Republic declares special one-time cash dividend of $1.00 per share »

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TGT

Target

$85.57

-0.34 (-0.40%)

, LOW

Lowe's

$98.04

3.07 (3.23%)

09:03
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Fly Intel: Pre-market Movers »

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TGT

Target

$85.57

-0.34 (-0.40%)

LOW

Lowe's

$98.04

3.07 (3.23%)

KMI

Kinder Morgan

$20.15

-0.27 (-1.32%)

WSG

Wanda Sports

$3.90

0.03 (0.78%)

ONDK

On Deck Capital

$3.24

-0.075 (-2.27%)

PDD

Pinduoduo

$25.97

0.38 (1.49%)

PLCE

Children's Place

$78.06

-2.6 (-3.22%)

BZUN

Baozun

$50.15

0.74 (1.50%)

CREE

Cree

$58.19

-0.09 (-0.15%)

JMIA

Jumia Technologies

$14.69

-0.76 (-4.92%)

HA

Hawaiian Holdings

$25.44

0.31 (1.23%)

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TPCO

Tribune Publishing

$7.56

0.12 (1.61%)

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Tribune Publishing appoints Randy Novak as VP, national sales »

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ASCMA

Ascent Capital

$0.00

(0.00%)

09:03
08/21/19
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Conference/Events
Ascent Capital to host special shareholder meeting »

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  • 21

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FIT

Fitbit

$2.94

0.01 (0.34%)

09:02
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08/21
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Periodicals
Fitbit to supply devices to citizens in Singapore, CNBC reports »

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  • 10

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NSP

Insperity

$95.12

-0.42 (-0.44%)

09:00
08/21/19
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Insperity analyst commentary  »

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