Market Overview

Cisco Shares Up Slightly Following JP Morgan's Upgrade Neutral

Related CSCO
UPDATE: Shares of Cisco Edge Lower Following 10-K; Could Be Related to Comment 'Investigation Into Allegations...Regarding Possible Violations of US Foreign Corrupt Practices Act,' Regarding Russia
Cisco Systems, Inc. Off Its Highs And Failing To Show Any Real Fight
Is Your Portfolio Ready for the IOT Boom? (Fox Business)

Shares of Cisco (NASDAQ: CSCO) are up 0.5 percent to $26.26 in Friday's premarket session after an earlier upgrade by JPMorgan analyst Rod Hall.

Despite lingering concerns on the impact software-defined networking will have on Cisco, Hall upgraded Cisco from Underweight to Neutral and raised his price target from $18 to $26 on other positive indicators.

Citing improving enterprise networking trends and healthy indicators from other players in the field including F5 Networks (NASDAQ: FFIV), Juniper (NYSE: JNPR) and Citrix (NASDAQ: CTXS), Hall felt the potential software-defined networking impact on Cisco did not justify an Underweight rating.

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: Analyst Color News Upgrades Price Target Analyst Ratings

 

Related Articles (CSCO + CTXS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters