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CSCO

Cisco

$50.66

-2.09 (-3.96%)

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

Morgan Stanley on sidelines on Cisco until service provider spending recovers

Morgan Stanley analyst James Faucette said Cisco's business remained "remarkably resilient" over last year, but the tailwinds that have been helping are beginning to anniversary while its headwinds pick up. While Faucette acknowledges service provider, China and emerging markets are smaller collectively than enterprise, commercial and public sector, he thinks headwinds in the former areas will be too much for him to see much opportunity for upside. He has lowered his FY20 estimates slightly, citing dampened orders from China and service providers, and cut his price target on Cisco shares to $49 from $51 while maintaining an Equal Weight rating on the stock.

  • 09

    Sep

  • 10

    Oct

CSCO Cisco
$50.66

-2.09 (-3.96%)

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.
08/15/19
JPMS
08/15/19
NO CHANGE
Target $62
JPMS
Overweight
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.

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NCNA

NuCana

$6.01

-1.24 (-17.10%)

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MRSN

Mersana Therapeutics

$2.66

-0.05 (-1.85%)

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PTE

PolarityTE

$5.27

0.08 (1.54%)

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CFBI

Community First Bancshares

$10.15

(0.00%)

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NCI

Navigant Consulting

$27.82

0.01 (0.04%)

12:53
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08/20
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12:53
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HAIN

Hain Celestial

$19.25

-2.63 (-12.02%)

, MKC

McCormick

$161.08

-7.445 (-4.42%)

12:32
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BYND

Beyond Meat

$154.10

9.66 (6.69%)

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NTDOY

Nintendo

$0.00

(0.00%)

, SNE

Sony

$55.85

0.14 (0.25%)

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$0.00

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SNE

Sony

$55.85

0.14 (0.25%)

MSFT

Microsoft

$138.41

-0.02 (-0.01%)

FB

Facebook

$184.56

-1.66 (-0.89%)

EA

Electronic Arts

$92.54

1.64 (1.80%)

TTWO

Take-Two

$131.17

1.3 (1.00%)

ATVI

Activision Blizzard

$48.44

0.53 (1.11%)

GOOG

Alphabet

$1,192.07

-5.94 (-0.50%)

GOOGL

Alphabet Class A

$1,194.00

-5.94 (-0.50%)

UBSFY

Ubisoft

$0.00

(0.00%)

SLGG

Super League Gaming

$6.65

-0.09 (-1.34%)

TCEHY

Tencent

$0.00

(0.00%)

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12:30
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General news
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HD

Home Depot

$217.43

9.455 (4.55%)

12:29
08/20/19
08/20
12:29
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12:29
Recommendations
Home Depot analyst commentary at RBC Capital »

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  • 20

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ABCB

Ameris Bancorp

$36.48

-0.34 (-0.92%)

12:27
08/20/19
08/20
12:27
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12:27
Conference/Events
Ameris Bancorp management to meet with Sandler O'Neill »

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SABR

Sabre

$23.68

-0.25 (-1.04%)

12:25
08/20/19
08/20
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Periodicals
DOJ to file suit to block Sabre acquisition of Farelogix, CNBC reports »

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12:25
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General news
FX Action: USD-CAD »

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LPLA

LPL Financial

$73.06

-0.35 (-0.48%)

12:17
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Conference/Events
LPL Financial management to meet with William Blair »

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  • 27

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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AAPL

Apple

$212.30

1.98 (0.94%)

, NFLX

Netflix

$300.38

-9.02 (-2.92%)

12:13
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Periodicals
Apple looks to launch Apple TV+ in November, weighs $9.99 price, Bloomberg says »

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AAPL

Apple

$212.30

1.98 (0.94%)

NFLX

Netflix

$300.38

-9.02 (-2.92%)

AMZN

Amazon.com

$1,813.54

-2.75 (-0.15%)

DIS

Disney

$135.22

-0.11 (-0.08%)

T

AT&T

$35.18

-0.225 (-0.64%)

CMCSA

Comcast

$44.37

0.38 (0.86%)

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EPD

Enterprise Products

$29.29

0.35 (1.21%)

12:06
08/20/19
08/20
12:06
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12:06
Conference/Events
Enterprise Products management to meet with Wolfe Research »

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  • 26

    Aug

CNI

Canadian National

$92.40

-0.76 (-0.82%)

12:05
08/20/19
08/20
12:05
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12:05
Conference/Events
Canadian National management to meet with Wolfe Research »

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  • 21

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URBN

Urban Outfitters

$21.10

0.24 (1.15%)

12:05
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Options
Urban Outfitters call volume above normal and directionally bullish »

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BHGE

Baker Hughes

$21.00

-0.43 (-2.01%)

12:04
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Baker Hughes awarded contract, granted notice to proceed by Venture Global LNG »

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  • 27

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VRTX

Vertex

$186.23

-0.84 (-0.45%)

12:02
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Vertex analyst commentary at Piper Jaffray »

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  • 09

    Sep

MSG

Madison Square Garden

$266.70

-26.315 (-8.98%)

12:00
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Madison Square Garden falls -9.0% »

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  • 20

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SE

Sea Limited

$32.53

-3.58 (-9.91%)

12:00
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Sea Limited falls -9.9% »

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