Cisco forecasts fourth-quarter revenue above estimates on enterprise demand
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Argus Reiterates Buy Rating on Cisco (CSCO)
May 17, 2024 1:48 PM EDTArgus analyst Jim Kelleher reiterated a Buy rating and $70.00 price target on Cisco (NASDAQ: CSCO).
The analyst comments "BUY-rated Cisco Systems Inc. (NGS: CSCO) fell 2% in a positive market on 5/16/24 after the company reported fiscal 3Q24 revenue and non-GAAP EPS that edged past consensus... More
Cisco (CSCO) PT Raised to $57 at Wells Fargo
May 16, 2024 5:40 AM EDTWells Fargo analyst Aaron Rakers raised the price target on Cisco (NASDAQ: CSCO) to $57.00 (from $52.00) while maintaining a Equal Weight rating.
The analyst comments "Although we maintain a positive long-term view on Cisco's subscription model execution and incremental webscale traction, several... More
Evercore ISI Positive on Cisco (CSCO)
May 16, 2024 4:39 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $55.00 price target on Cisco (NASDAQ: CSCO).
The analyst comments "Cisco reported a Apr-qtr that was better than expected on the top and bottom line, including a notable gross margin beat. The Jul-qtr guide looks largely in-line although Splunk integration makes it difficult to compare consensus numbers. Order numbers were a key positive in the quarter as they were flat (ex-Splunk) compared to a 12% decline in the prior... More
