Cisco (CSCO): Analysts Can't Make Up Minds

Cisco (CSCO) reported a solid Q4, posting $10.4 billion in revenue against the $10.3 billion mean estimate and reporting $0.40 in EPS vs. the $0.39 consensus estimate. Several analysts are out with calls this morning.

  • Bernstein maintains Outperform and says the stock’s valuation is attractive.
  • Bank of America reiterates Neutral due to a lack of positive catalysts going forward. Says guidance is achievable, however.
  • FBR maintains Outperform and $31 price target but reduces estimates given lower guidance.
  • JMP Securities reiterated Market Perform. Doesn’t see favourable risk/reward profile.
  • Citigroup reiterates Buy rating, but sees shares remaining range-bound due to difficult comps, service provider softness, and the possibility of acquisitions.
  • AmTech Reiterates Buy and $33 price target. Trims estimates due to lower guidance.

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