Market Overview

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

Share:
Related CSCO
Benzinga's M&A Chatter for Thursday July 23, 2015
Technicolor to Acquire Cisco Connected Devices Division for €550M in Cash, Stock
Cisco Systems: A Buy For Long-Term Investors (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

DateFirmActionFromTo
Jun 2015Deutsche BankMaintainsBuy
Jun 2015WedbushMaintainsOutperform
Jun 2015NomuraInitiates Coverage onNeutral

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