Market Overview

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

Related CSCO
Benzinga's M&A Chatter for Monday September 22, 2014
Court Vacates VirnetX Holding Corporation Patent Victory Against Apple Inc., Shares Plummet 50%
Is Your Portfolio Ready for the IOT Boom? (Fox Business)

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
Aug 2014BarclaysMaintainsEqual-weight
Aug 2014Stifel NicolausMaintainsBuy
Aug 2014UBSMaintainsBuy

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)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters