Market Overview

UPDATE: Deutsche Bank Cuts PT to $22 on Cisco Systems; Weak Guidance

Related CSCO
SunTrust Starts Datacenters With A 'Positive View', Says Buy CyrusOne, DuPont Fabros And Equinix
Benzinga's Top Initiations
Want To Own Something Like Cisco With Less Risk And More Growth? Buy ePlus (Seeking Alpha)

Deutsche Bank lowers its price target from $24 to $22 on Buy-rated Cisco Systems (NASDAQ: CSCO) following a weak guide to FQ4

Deutsche Bank comments, "Good results. The weak Q4 guide ($11.59B / $0.45 on the mid point) is indicative of near-term macro-driven uncertainty in enterprise IT spending. We see Cisco a fundamentally sound business; treading cautiously, and see modest out-performance in the stock, based on potential for improving demand in 2H+."

CSCO closed at $18.78 on Wednesday.

Latest Ratings for CSCO

Nov 2015SunTrust Robinson HumphreyInitiates Coverage onBuy
Oct 2015BarclaysInitiates Coverage onOverweight
Oct 2015CitigroupInitiates Coverage onBuy

View More Analyst Ratings for CSCO
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings


Related Articles (CSCO)

Get Benzinga's Newsletters