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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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IHG

InterContinental

$61.63

-0.98 (-1.57%)

04:51
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  • 25

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ACCYY

Accor

$0.00

(0.00%)

04:50
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LPLA

LPL Financial

$83.72

0.66 (0.79%)

04:48
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SPLK

Splunk

$114.87

1.19 (1.05%)

04:45
09/17/19
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  • 15

    Oct

JMPLY

Johnson Matthey

$0.00

(0.00%)

04:42
09/17/19
09/17
04:42
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04:42
Downgrade
Johnson Matthey rating change  »

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01:50
09/17/19
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General news
FX Update: The Australian dollar ebbed to an 11-day low »

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XLRN

Acceleron

$44.67

0.75 (1.71%)

22:05
09/16/19
09/16
22:05
09/16/19
22:05
Recommendations
Acceleron analyst commentary at Piper Jaffray »

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  • 17

    Oct

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PNRL

Paringa Resources

$2.28

-0.06 (-2.56%)

20:18
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Paringa Resources names Jim Middleton as Executive Advisor »

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RBNC

Reliant Bancorp

$24.70

0.16 (0.65%)

20:17
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Reliant Bancorp to buy Tennessee Community Bank Holdings for $37.2M »

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  • 23

    Sep

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, INTC

Intel

$52.21

-0.32 (-0.61%)

19:12
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09/16
19:12
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19:12
Hot Stocks
Intel, Oracle collaborate on Optane DC Persistent Memory »

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ORCL

Oracle

$53.12

-0.64 (-1.19%)

INTC

Intel

$52.21

-0.32 (-0.61%)

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  • 24

    Oct

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, VMW

VMware

$155.87

4.81 (3.18%)

19:08
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Hot Stocks
VMware, Oracle expand partnership on hybrid cloud »

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ORCL

Oracle

$53.12

-0.64 (-1.19%)

VMW

VMware

$155.87

4.81 (3.18%)

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  • 10

    Oct

ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

, BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

19:05
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Fly Intel: After Hours Movers »

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ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

GLW

Corning

$30.04

-0.12 (-0.40%)

XLRN

Acceleron

$44.67

0.75 (1.71%)

SHOP

Shopify

$337.93

-0.77 (-0.23%)

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

PSTV

Plus Therapeutics

$9.51

-0.05 (-0.52%)

03/08/13
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  • 16

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  • 01

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  • 04

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  • 17

    Sep

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

19:03
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3G Capital sells 25.1M shares of Kraft Heinz »

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  • 01

    Oct

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

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Kraft Heinz's Lemann acquires nearly 3.5M common shares »

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  • 01

    Oct

HMSY

HMS Holdings

$37.14

0.24 (0.65%)

18:43
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HMS Holdings acquires VitreosHealth for approximately $36.5M »

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18:25
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ICAD

iCAD

$6.89

-0.01 (-0.14%)

18:25
09/16/19
09/16
18:25
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18:25
Conference/Events
iCAD to hold an investor reception »

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  • 16

    Sep

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    Nov

GLW

Corning

$30.04

-0.12 (-0.40%)

18:18
09/16/19
09/16
18:18
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18:18
Hot Stocks
Corning down 5.5% or $1.64 at $28.40 per share after cutting volume outlook »

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WE

We Company

$0.00

(0.00%)

18:17
09/16/19
09/16
18:17
09/16/19
18:17
Periodicals
We Company IPO delayed until October at earliest, WSJ reports »

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:16
09/16/19
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18:16
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18:16
Hot Stocks
Corning cuts Q3 volume guidance for Display and Optical Communications units »

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WE

We Company

$0.00

(0.00%)

18:05
09/16/19
09/16
18:05
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18:05
Periodicals
Breaking Periodicals news story on We Company »

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