Market Overview

UPDATE: SunTrust Initiates Coverage on Network Stocks

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SunTrust analyst Inder Singh initiated coverage on many networks stocks.

The following stocks were initiated with Buy ratings:

  • Cisco (NASDAQ: CSCO), $27 price target -- The company's recent product refresh “will begin to drive a return to growth in the next year.” Fear from SDN is “grossly exaggerated.”
  • Aruba Networks (NASDAQ: ARUN), $25 price target -- “Bearish sentiment around near-term operating margins, partly from misinterpreted guidance, has caused the stock to pull back to attractive levels.” The analyst feels consensus estimates “underappreciated potential margin leverage as opex growth slows.”
  • Juniper Networks (NYSE: JNPR), $30 price target -- “Poised to sharpen its focus on its core business, narrow its foray into the enterprise & security areas, and benefit from a 2014 uptick in server performance spending on core networks.”

The following stocks were initiated with Neutral ratings:

  • Polycom (NASDAQ: PLCM), $15 price target -- Quick early actions by new CEO have sent the stock up 20 percent, making the shares “fairly valued.”
  • F5 Networks (NASDAQ: FFIV), $116 price target -- The analyst views F5 as “the best positioned player in the Application Delivery Controller market, facing new competition as the market goes to Virtual ADCs.”

Latest Ratings for CSCO

DateFirmActionFromTo
Dec 2014Bank of AmericaMaintainsBuy
Dec 2014WedbushInitiates Coverage onOutperform
Dec 2014UBSMaintainsBuy

View More Analyst Ratings for CSCO
View the Latest Analyst Ratings

Posted-In: Singh SunTrustAnalyst Color Analyst Ratings Tech

 

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