Cisco (CSCO) PT Raised to $49 at KeyBanc on 2Q18 Report; 'Broad Demand for Infrastructure Platforms...Catalyst & Tax Update Highlight Strong 2Q'
Tweet
Share
E-mail
Get Alerts CSCO Hot Sheet
Price: $121.53 --0%
Rating Summary:
36 Buy, 26 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 4 | New: 5
Rating Summary:
36 Buy, 26 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 4 | New: 5
Join SI Premium – FREE
KeyBanc raised its price target on Cisco (NASDAQ: CSCO) to $49.00 (from $43.00) while maintaining a Overweight rating, following the company's 2018 second quarter earnings report.
Analyst Alex Kurtz notes a positive outlook on the shares, as CSCO reported 2018 second quarter earnings per share and revenue results above consensus driven by ongoing transition to a recurring software model and strong commercial order rates fueled by Catalyst 900 refresh cycle.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley Upgrades QIAGEN NV (QIA:GR) (QGEN) to Overweight
- TD Cowen Resumes Keyera Corp. (KEY:CN) (KEYUF) at Buy
- UBS Upgrades Intermedia Capital Group (ICG:LN) (ICGUF) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
KeyBanc, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
