After-hours movers: CSCO, HPE, DOCS, STUB, STAA, GO
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/22/2026
- Wall Street indexes dip with technology earnings, rising oil in focus
- Google increases capex forecast again after cloud-driven quarterly beat
- As Musk pivots beyond cars, Tesla’s autos engine is under strain
- Oil settles up more than 3% to six-week high as Mideast conflict threatens oil transit routes
- Can Alphabet earnings reignite investor enthusiasm for the Magnificent Seven?
- Emirates refusing to take delivery of first 10 Boeing 777X jets
- Intersnack to acquire Utz Brands at $14.25 per share in go-private deal
- Crude Inventory Rose 2 Million Barrels Last Week - EIA
- Wall St ends higher on chip stocks recovery; earnings in focus
- Palo Alto Networks to acquire Embrace to expand observability tools
Truist on Cisco (CSCO): 'Scale matters, AI momentum shining'
May 14, 2026 4:27 AM EDTTruist Securities analyst Matthew Niknam reiterated a Buy rating and $94.00 price target on Cisco (NASDAQ: CSCO)
The analyst comments "Bottom line, core Networking results were meaningfully ahead of expectations with AI strength leading the way, setting CSCO up for ~15% yoy growth in F4Q (vs. +12% this quarter), and initial color indicating prospects for high single digit growth (+8%) in FY27E. This, combined with commentary indicating gross margins have stabilized (around the ~66% mark, with CSCO flexing scale benefits) and optimism around ongoing operating leverage give us enhanced confidence in the... More
