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CSCO

Cisco

$50.66

-2.09 (-3.96%)

06:58
08/15/19
08/15
06:58
08/15/19
06:58

Cisco's 'overly cautious' guidance brings buying opportunity, says JPMorgan

JPMorgan analyst Samik Chatterjee believes Cisco Systems' "overly cautious" provides an opportunity to "double down" in the shares. After speaking to management, the analyst believes the "material change" seen by Cisco is relative to both service providers and enterprises in China. This is region where the company is increasingly seeing itself blocked from deals as a consequence of the trade situation, Chatterjee tells investors in a research note. While China remains less than 3% of total revenues, the steep decline of more than 25% in order rates is driving a significant part of the miss on guidance relative to expectations, says the analyst. Chatterjee maintains a December 2019 price target of $62 and reiterates Cisco as his top pick across his coverage universe.

  • 09

    Sep

  • 10

    Oct

CSCO Cisco
$50.66

-2.09 (-3.96%)

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.
08/15/19
PIPR
08/15/19
NO CHANGE
Target $55
PIPR
Overweight
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.
08/15/19
SBSH
08/15/19
NO CHANGE
Target $57
SBSH
Buy
Cisco price target lowered to $57 from $65 at Citi
Citi analyst Jim Suva lowered his price target for Cisco Systems to $57 from $65 after the company guided below consensus on a slowdown in macro spending as well as softness in service provider spending. However, the analyst does not believe this will be a long term negative, saying Cisco is proactively managing expectations and has a record of delivering on its outlook. As such, Suva keeps a Buy rating on shares of Cisco.

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NOVA

Sunnova Energy

$11.13

0.089 (0.81%)

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SPY

SPDR S&P 500 ETF Trust

$292.31

3.52 (1.22%)

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S&P 500

$0.00

(0.00%)

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KSS

Kohl's

$48.20

2.69 (5.91%)

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TJX

$51.55

0.13 (0.25%)

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$104.15

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Home Depot

$207.98

4.335 (2.13%)

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BHP

BHP Group

$49.12

0.31 (0.64%)

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BHP

BHP Group

$49.12

0.31 (0.64%)

19:25
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AAPL

Apple

$210.32

3.88 (1.88%)

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ACN

Accenture

$195.19

2.005 (1.04%)

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BIDU

Baidu

$104.28

7.63 (7.89%)

, NBRV

Nabriva Therapeutics

$2.21

-0.06 (-2.64%)

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BIDU

Baidu

$104.28

7.63 (7.89%)

NBRV

Nabriva Therapeutics

$2.21

-0.06 (-2.64%)

MRNA

Moderna

$13.41

0.235 (1.78%)

VSLR

Vivint Solar

$8.30

0.3 (3.75%)

FN

Fabrinet

$56.40

0.77 (1.38%)

IQ

iQIYI

$18.10

1.02 (5.97%)

MRUS

Merus

$18.46

1.75 (10.47%)

SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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ET

Energy Transfer LP

$13.77

0.3 (2.23%)

18:40
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Energy Transfer LP performing maintenance on WTG pipeline, Reuters says »

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AAPL

Apple

$210.32

3.88 (1.88%)

, SNE

Sony

$55.71

-0.01 (-0.02%)

18:20
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Periodicals
Apple allocates over $6B for original TV shows and movies, FT says »

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AAPL

Apple

$210.32

3.88 (1.88%)

SNE

Sony

$55.71

-0.01 (-0.02%)

NFLX

Netflix

$309.40

6.66 (2.20%)

DIS

Disney

$135.33

0.14 (0.10%)

T

AT&T

$35.40

0.42 (1.20%)

CBS

CBS

$44.21

0.38 (0.87%)

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LGIH

LGI Homes

$78.56

3.36 (4.47%)

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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

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  • 27

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WMT

Walmart

$113.76

0.77 (0.68%)

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X

U.S. Steel

$12.42

1.13 (10.01%)

17:58
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  • 23

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SRPT

Sarepta

$120.16

-4.81 (-3.85%)

17:53
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  • 19

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SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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  • 19

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BSX

Boston Scientific

$42.74

0.59 (1.40%)

17:41
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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

, GOOG

Alphabet

$1,198.01

21.07 (1.79%)

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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

GOOG

Alphabet

$1,198.01

21.07 (1.79%)

GOOGL

Alphabet Class A

$1,199.94

21.25 (1.80%)

FB

Facebook

$186.22

2.8 (1.53%)

MSFT

Microsoft

$138.43

2.3 (1.69%)

AAPL

Apple

$210.32

3.88 (1.88%)

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FB

Facebook

$186.22

2.8 (1.53%)

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MPW

Medical Properties Trust

$18.28

0.13 (0.72%)

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WMT

Walmart

$113.76

0.77 (0.68%)

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MAXR

Maxar Technologies

$6.49

0.185 (2.93%)

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RCI

Rogers Communications

$51.30

0.21 (0.41%)

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