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Cisco (CSCO) +1.3% after catching an upgrade to Outperform from RBC. The firm cites better...

  • Thursday, January 3, 9:19 AM ET
    Cisco (CSCO) +1.3% after catching an upgrade to Outperform from RBC. The firm cites better visibility and gross margin stabilization, among other things. "Cisco's core markets are no longer under attack from Huawei, HP and Juniper and Cisco's market shares have rebounded and stabilized. Cisco has also improved its sales execution and refocused its engineering talent.." IDC's data indicates Cisco, which trades at less than 8x FY13E EPS, lost a bit of Ethernet switching share in Q3.
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    The problem for CSCO going forward is that their sales relay to a good percentage on the government purchases and until the spend cuts will not be resolved investors do not have a clear picture where the stock is heading
    4 Jan, 03:43 AM Reply Like
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