Market Overview

UPDATE: SunTrust Initiates Coverage on Network Stocks

Related CSCO
Citi: Buy Large-Cap Networking Giant Cisco, Sell F5 (And Hold Juniper)
Piper Jaffray Downgrades FireEye On Intensifying Competition
Ericsson to Aid Brighter with DCP for Improved Performance (Zacks)
Related ARUN
This Startup Wants To Be Google Analytics For The Physical World
Aerohive Announces Special Discount for Aruba Networks Customers

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

Oct 2015CitigroupInitiates Coverage onBuy
Aug 2015Morgan StanleyDowngradesOverweightEqual-weight
Aug 2015Cantor FitzgeraldMaintainsBuy

View More Analyst Ratings for CSCO
View the Latest Analyst Ratings

Posted-In: Singh SunTrustAnalyst Color Analyst Ratings Tech


Related Articles (ARUN + CSCO)

View Comments and Join the Discussion!

Get Benzinga's Newsletters