Market Overview

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

Share:
Related CSCO
Activist Action: The Reason Behind Identiv's Recent Pop
5 Cloud Computing Stocks 1 'Mega-Analyst' Is Watching
Network-1 Technologies: An Undiscovered, Cash-Rich Company With A Solid Revenue Stream Could See Substantial Upside On Proven IP Assets (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
Feb 2015NomuraMaintainsBuy
Feb 2015Deutsche BankMaintainsBuy
Feb 2015JefferiesMaintainsHold

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→