Market Overview

2 Picks In The Communication Equipment Industry Following Aruba Networks' Downgrade


Aruba Networks, Inc. (NASDAQ: ARUN) closed down 4.5 percent on Monday after it was downgraded by JMP Securities from Market Outperform to Market Perform.

Other research firms, such as JP Morgan and Bank of America are not particularly bullish either. Below is a closer look at two other options in the communication equipment sector.

Related Link: Goldman Sachs Downgrades Schlumberger To Neutral

Palo Alto Networks Inc (NYSE: PANW)

On January 6, Barclays reiterated an Overweight rating and raised its price target to $140, from $120 less than two months ago.

In late November, several other Wall Street research firms endorsed the stock. Credit Suisse issued an Outperform rating and a $135 price target, while Stifel Nicolaus, Nomura and Deutsche Bank gave the stock a Buy, accompanied by respective price targets of $120, $130 and $125.

Only Citigroup was more bearish, issuing a Neutral rating and $112 price target.

The stock traded around $113-$114 at the time of the November ratings.

Cisco Systems, Inc. (NASDAQ: CSCO)

Analysts have been particularly bullish over the past month. On Monday, Deutsche Bank reiterated its Buy rating, escorted by a $32 price target.

Over December, Bank of America and UBS maintained Buy ratings, supplemented by corresponding price targets of $30 and $30.50, while Wedbush initiated coverage with an Outperform and a $31.50 price target.

The stock closed Monday at$28.19, up 0.94 percent.

Latest Ratings for CSCO

Apr 2019Goldman SachsMaintainsBuyBuy
Mar 2019KeyBancMaintainsOverweightOverweight
Feb 2019Credit SuisseReiteratesNeutralNeutral

View More Analyst Ratings for CSCO
View the Latest Analyst Ratings

Posted-In: Bank of America Barclays Credit SuisseLong Ideas Downgrades Price Target Analyst Ratings Trading Ideas


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