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Fly News Breaks for February 13, 2020
CSCO, JBL, FLEX, SANM
Feb 13, 2020 | 07:28 EDT
Cisco Systems' (CSCO) results are slightly negative to electronics manufacturing services companies given the softer than expected product results and order weakness, Citi analyst Jim Suva tells investors in a research note. The communication equipment segment remains pressured for supply chain companies, says the analyst, who notes Sanmina (SANM), Flex (FLEX) and Jabil (JBL) have roughly mid-single percentage revenue exposure to Cisco.
News For SANM;FLEX;JBL;CSCO From the Last 2 Days
CSCO
May 20, 2022 | 08:55 EDT
Thursday's total option volume of 39.6 million contracts resulted in net open interest growth of 4.77 million calls and 3.75 million puts. JD.com (JD), Apple (AAPL), Cisco (CSCO) and Citi (C) saw the greatest growth. Top five new positions opened include 39k CSX (CSX) 5/27 weekly 29 calls, 26k Citi (C) Jul-22 47.5 puts, 25k Citi (C) Jul-22 47.5 calls, 25k Apple (AAPL) May-22 140 calls and 24k JD.com (JD) Jan-23 83.76 calls.
CSCO
May 20, 2022 | 08:22 EDT
Morgan Stanley analyst Meta Marshall lowered the firm's price target on Cisco to $46 from $59 and keeps an Equal Weight rating on the shares. The combination of Russia/Ukraine and China lockdown supply chain impacts caused Cisco's revenue shortfall in fiscal Q3 and she leans more cautious in the near-term given checks and surveys pointing to growing macro risk and the fact that the impacts flagged are expected to continue through the fiscal year-end, Marshall tells investors.
CSCO
May 20, 2022 | 16:31 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CSCO
May 19, 2022 | 09:54 EDT
Institutional investors and professional traders rely on The Fly to learn which companies the best analysts on Wall Street are saying to buy and sell. Research analysts at... To see the rest of the story go to thefly.com. See Story Here
CSCO
May 19, 2022 | 12:16 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
CSCO
May 19, 2022 | 09:03 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
CSCO
May 19, 2022 | 08:16 EDT
Evercore ISI analyst Amit Daryanani lowered the firm's price target on Cisco to $50 from $62 and keeps an Outperform rating on the shares after the company reported April quarter results below expectations and gave a July quarter outlook that was "well below" Street expectations. Cisco attributed much of its shortfall to supply chain issues versus being demand related, but the bigger concern among investors is the pace of order degradation, according to Daryanani. He thinks much of the issues are around bad supply chain execution that, while frustrating, should prove transitory. Some of the missteps could end-up driving a more positive growth narrative for FY23 as comparisons ease and the supply chain starts to improve, added the analyst.
CSCO
May 19, 2022 | 06:04 EDT
Piper Sandler analyst James Fish lowered the firm's price target on Cisco Systems to $43 from $57 and keeps a Neutral rating on the shares. The shares are down following one of the largest revenue misses in Cisco's history and a related guide-down as supply chain constraints tightened in April with Asia COVID shutdowns, Fish tells investors in a research note. The company's lead metrics are slowing and its growth segments either decelerated or declined and are clearly underperforming market rate growth, says the analyst.