Cisco stock is now a buy at Credit Suisse, which targets a rally to a 21-year high [Yahoo! Finance News]
Cisco Systems, Inc. (CSCO)
Last cisco systems, inc. earnings: 2/12 04:05 pm
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Source: Yahoo! Finance News
Cisco Systems Inc. has a new bullish backer on Wall Street on Thursday, after Credit Suisse suggested the stock could climb to the highest levels seen since the dot-com boom following the network-equipment maker’s upbeat Investor Day presentation.The shares, , , Don’t missCisco projects growth of 5% to 7% over next four fiscal years as software sales continue to climb“Investor sentiment is currently cautiously optimistic,…but we believe the cautiousness will abate as [Cisco] executes on its [long-term] guidance while ramping its recurring revenue plans (software, subs., etc.),” Credit Suisse analysts wrote in a note to clients.Also readCisco investors spooked by supply-chain concerns, despite a return to growthThe Wall Street broker raised its rating to outperform from neutral, and boosted its stock price target to $74 from $56.The new price target implies about a 29% gain from current levels, to the highest price seen since April 2000. The target is also now
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CSCO
Earnings
- 2/14/24 - Beat
CSCO
Sec Filings
- 4/5/24 - Form 13F-HR
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- CSCO's page on the SEC website