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

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

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.