Seeking Alpha

Cisco +1.6% on Deutsche upgrade to Buy

  • Talks at last week's Cisco Live conference with management and IT product buyers/distributors leaves Deutsche confident about a "stronger than anticipated [multi-quarter] ramp for Cisco's new switching, routing, security, wireless, and Cloud IT Services solutions."
  • The products in question include Cisco's (CSCO) Nexus 9000/ACI switching/SDN platform, its CRS-X and NCS core routers, Meraki's Wi-Fi hardware/management software, and SourceFire's security hardware.
  • Deutsche's PT has been upped to $30. A long line of firms hiked their PTs two weeks ago following Cisco's FQ3 beat and better-than-expected FQ4 guidance.
  • Deutsche had downgraded Cisco to Neutral in November (following weak FQ2 guidance), when shares were at ~$21.
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Comments (2)
  • Archman Investor
    , contributor
    Comments (2918) | Send Message
     
    Sounds like someone needs to get a few bucks pop to clean the sheets.

     

    Love Wall Street don't you?
    27 May 2014, 09:23 AM Reply Like
  • JD in NJ
    , contributor
    Comments (1521) | Send Message
     
    Let me see if I understand the logic here.

     

    When it's 21 dollars, leave it alone. When it's 24 dollars, buy it. I suppose if it hits 18 they'll suggest selling it?

     

    Yeah, that's a GREAT way to make money in the market.
    27 May 2014, 09:34 AM Reply Like
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