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More on Cisco: Shares -1.6% premarket thanks to a downgrade to Hold from Cantor. The firm thinks...

More on Cisco: Shares -1.6% premarket thanks to a downgrade to Hold from Cantor. The firm thinks shares are likely to be range-bound near-term following the rebound seen over the last 3 months, and believes there's growing evidence the firm's "recovery thesis" will be delayed by a quarter or two. MKM upgraded Cisco earlier this month following positive reseller checks.
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