Market Overview

UPDATE: Deutsche Bank Raises PT to $22 on Cisco Systems on In-Line Q1

Share:
Related CSCO
Intel Looking To Sell McAfee Business
Upcoming Conferences And Trade Shows Of Interest
Precious Metals Set To Rise Again (Seeking Alpha)

Deutsche Bank reiterated its Buy rating on Cisco Systems (NASDAQ: CSCO) and raised its price target from $21 to $22.

Deutsche Bank commented, "The inline Q1 guide ($12.05B / $0.47 on the mid point); B/B below 1.0x is indicative of gradually improving IT spending trends, heading into CY13; noted in strength of the US Enterprise and Telco orders. We see Cisco as a fundamentally sound business; exposed to solid growth themes: BYOD, 4G/WiFi, Private Clouds, etc and see modest out-performance in the stock, based on potential for modest upside to view from the product cycle themes."

Cisco Systems closed at $16.85 on Tuesday.

Latest Ratings for CSCO

DateFirmActionFromTo
Jun 2016UBSMaintainsBuy
Jun 2016Goldman SachsDowngradesBuyNeutral
May 2016BarclaysMaintainsOverweight

View More Analyst Ratings for CSCO
View the Latest Analyst Ratings

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

 

Related Articles (CSCO)

View Comments and Join the Discussion!