
Cisco: Jefferies still a buyer, trimming TP
(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on Cisco Systems shares, while lowering its target for them from $56 to $53, in the wake of solid results, supported by customer depletion and positive comments on AI.
NB pmt +7.6%.
Splunk did a little worse than we expected, and we have lingering concerns about market share, but cost cuts and improving demand put a floor under the stock, the broker believes.
Given Cisco's downsizing, we think that many investors assumed we'd see much worse results this quarter, it continues in its summary.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
NB pmt +7.6%.
Splunk did a little worse than we expected, and we have lingering concerns about market share, but cost cuts and improving demand put a floor under the stock, the broker believes.
Given Cisco's downsizing, we think that many investors assumed we'd see much worse results this quarter, it continues in its summary.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.