Strong U.S. sales help Cisco beat estimates
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Cantor Fitzgerald Raises Price Target on Cisco Systems (CSCO) Following 4Q EPS Beat
August 13, 2015 9:51 AM UTCCantor Fitzgerald reiterated a Buy rating on Cisco (NASDAQ: CSCO), and raised the price target to $38.00 (from $36.00), following its 4Q15 earnings report. Cisco reported sales of $12.84 billion that beat consensus at $12.66 billion. EPS of $0.59 was above consensus at $0.56. Cisco expects 1Q16 sales to be $12.49-12.73 billion, and projects EPS to be $0.55-0.57 (consensus is... More
UBS Remains Bullish on Cisco Systems (CSCO) Following 4Q15
August 13, 2015 9:06 AM UTCUBS reiterated a Buy rating and $33.00 price target on Cisco (NASDAQ: CSCO) following the release of the company's 4Q15 earnings results. EPS of $0.59 beat consensus estimates by $0.03. Revenues of $12.8B compared to the consensus estimate of $12.6B.
Analyst Amitabh Passi commented, "Cisco delivered a good set of results, beating F4Q... More
