real-time news and commentary for investors
Monday, Aug 5
Cisco makes new 52-week highs again as Deutsche lifts PT
- Cisco (CSCO +0.5%) continued its slow-but-steady rally today, aided by a bullish note from Deutsche's Brian Modoff.
- Modoff, who has raised his PT to $28 from $26, says he expects "in-line to slightly positive" FQ4 (July quarter) results and FQ1 guidance, as data center switching, Wi-Fi, and services strength offset emerging markets weakness.
- Recent acquisitions (I, II, III) are seen driving future upside surprises.
- Shares +36% YTD going into Cisco's Aug. 14 FQ4 report.