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CSCO

Cisco

$50.66

-2.09 (-3.96%)

07:45
08/15/19
08/15
07:45
08/15/19
07:45

Cisco price target lowered to $61 from $65 at Cowen

Cowen analyst Paul Silverstein lowered his price target on Cisco to $61 from $65 citing its disappointing lowered guidance. The analyst said trends in the bulk of its businesses remain healthy supporting his view of a meaningful increase to its impressive margin structure and improving execution across most product and customer markets which is helping to insulate it from the macro backdrop. Silverstein reiterated his Outperform rating on Cisco shares.

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CSCO Cisco
$50.66

-2.09 (-3.96%)

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.
08/15/19
MSCO
08/15/19
NO CHANGE
Target $49
MSCO
Equal Weight
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.
08/15/19
RILY
08/15/19
NO CHANGE
RILY
Buy
Infinera should be bought on any Cisco-related selloff, says B. Riley FBR
Cisco Systems (CSCO) may have further spooked investors last night with a soft outlook for the October quarter, but most of the weakness was in India and China, B. Riley FBR analyst Dave Kang tells investors in a research note. The Chinese weakness is irrelevant to Ciena (CIEN) and Infinera (INFN) since both companies have no presence in the Chinese market, adds the analyst. However, he points out that India accounts for 10% of Ciena's sales. As such, Kang is "incrementally concerned" about Ciena. India is negligible for Infinera, he notes. The analyst recommends taking advantage of any weakness in Infinera following Cisco's quarter.
08/15/19
MKMP
08/15/19
NO CHANGE
Target $51
MKMP
Neutral
Cisco price target lowered to $51 from $56 at MKM Partners
MKM Partners analyst Michael Genovese lowered his price target on Cisco to $51 and kept his Neutral rating after its Q4 results and below-consensus earnings guidance for Q1. The analyst notes that the quarter saw a deeper product order growth deceleration than investors expected amid slowing macro conditions, coming in flat vs. 4% in Q3 and 8% in Q2. Genovese further cites the 25% sequential decline in China sales and a "dramatic" fall in orders along with more difficult India comps after a large build-out last year. Genovese believes that Cisco is doing a "good job" of controlling what it can, but says he cannot get positive on the stock amid weakening macro conditions and decelerating order rates.

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LLY

Eli Lilly

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FL

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Sturm, Ruger

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TOT

Total

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-0.18 (-0.37%)

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KMPR

Kemper

$75.42

0.48 (0.64%)

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CRM

Salesforce

$148.26

0.86 (0.58%)

, INTU

Intuit

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-0.29 (-0.10%)

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Carbon Black

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1.77 (7.78%)

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

RAVN

Raven

$31.36

-0.87 (-2.70%)

VMW

VMware

$148.15

0.11 (0.07%)

ROST

Ross Stores

$107.31

1.63 (1.54%)

GPS

Gap

$17.75

0.79 (4.66%)

HAS

Hasbro

$114.35

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TLND

Talend

$39.24

0.12 (0.31%)

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BA

Boeing

$354.47

14.44 (4.25%)

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Periodicals
FAA intends to test Boeing MAX software on newer pilots, Reuters says »

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DB

Deutsche Bank

$7.17

0.155 (2.21%)

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Deutsche Bank to pay $16M to settle corruption charges with SEC, Reuters says »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$292.36

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Periodicals
Kudlow says U.S., Chinese negotiators held productive trade talks, Reuters says »

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SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

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GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

, GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

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Alphabet

$1,188.53

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GOOGL

Alphabet Class A

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0.15 (0.01%)

FB

Facebook

$182.08

-1.48 (-0.81%)

TWTR

Twitter

$42.17

-0.63 (-1.47%)

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NUAN

Nuance

$17.31

-0.14 (-0.80%)

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Nuance files Form 10 registration statement for planned spin-off of Cerence »

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CRM

Salesforce

$148.26

0.86 (0.58%)

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RVLT

Revolution Lighting

$0.34

-0.0124 (-3.57%)

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IBKC

Iberiabank

$70.16

-0.38 (-0.54%)

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RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

, ORCL

Oracle

$53.18

-0.08 (-0.15%)

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ORCL

Oracle

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CRM

Salesforce

$148.26

0.86 (0.58%)

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AAC

AAC Holdings

$0.60

-0.0327 (-5.17%)

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

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General news
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TRPX

Therapix Biosciences

$2.35

(0.00%)

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GLD

SPDR Gold Shares

$141.38

-0.36 (-0.25%)

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