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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.