Cisco upgraded by Citigroup with a new price target
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Citigroup upgraded Cisco from Neutral to Buy and set a new price target of $62.00 from $52.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $66.00 | Neutral → Overweight | JP Morgan |
| 10/16/2024 | $52.00 → $62.00 | Neutral → Buy | Citigroup |
| 8/16/2024 | $46.00 → $58.00 | Hold → Buy | HSBC Securities |
| 8/15/2024 | Neutral → Buy | New Street | |
| 5/13/2024 | $50.00 | Underperform → Neutral | Exane BNP Paribas |
| 4/22/2024 | $62.00 → $53.00 | Neutral | JP Morgan |
| 4/15/2024 | $55.00 → $60.00 | Neutral → Buy | BofA Securities |
| 4/12/2024 | $52.00 | Neutral | Citigroup |
4 - CISCO SYSTEMS, INC. (0000858877) (Issuer)
4 - CISCO SYSTEMS, INC. (0000858877) (Issuer)
4 - CISCO SYSTEMS, INC. (0000858877) (Issuer)
10-Q - CISCO SYSTEMS, INC. (0000858877) (Filer)
144 - CISCO SYSTEMS, INC. (0000858877) (Subject)
8-K - CISCO SYSTEMS, INC. (0000858877) (Filer)
Second annual report shows the race to get AI right is on, with a critical focus on networking infrastructure News Summary: Leaders feel the pressure; 98% report increased urgency to deliver on AI and 85% believe they have less than 18 months to act. Networks are not equipped to meet AI workloads; only 21% of companies report having the necessary GPUs to meet current and future AI demands.Only 13% say they are fully ready to capture AI's potential – down from 14% last year. SAN JOSE, Calif., Nov. 19, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO), the worldwide leader in networking and security, today announced the findings from the second annual AI Readiness Index. The report explores how prepa
Bringing the Next Generation of Guest Experience to Las Vegas and Beyond News Summary: Global gaming and entertainment company MGM Resorts International signs a Whole Portfolio Agreement with Cisco to deliver next-generation guest experiences.Agreement gives MGM Resorts access to much of Cisco's software portfolio and Customer Experience (CX) services.Multi-year agreement brings simplicity and predictability as the company paves the way for future location services and next-generation machine learning applicationsSAN JOSE, Calif. and LAS VEGAS, Nov. 18, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) and MGM Resorts International today announce that the companies have signed a Whole Portfolio Agr
SAN JOSE, Calif., Nov. 15, 2024 /PRNewswire/ -- Cisco today announced that it will participate in the following event with the financial community. This session will be via webcast. Interested parties can register and view these events on Cisco's Investor Relations website at https://investor.cisco.com. No new financial information will be discussed on this conference call. Cisco at the 2024 RBC Capital Markets Global TMIT ConferenceNov 20, 20248:20 a.m. PT / 11:20 a.m. ET Cisco Speaker:Scott Herren, EVP and Chief Financial OfficerMark Patterson, EVP and Chief Strategy Officer
SAN JOSE, Calif., Nov. 15, 2024 /PRNewswire/ -- Cisco today announced that it will participate in the following event with the financial community. This session will be via webcast. Interested parties can register and view these events on Cisco's Investor Relations website at https://investor.cisco.com. No new financial information will be discussed on this conference call. Cisco at the 2024 RBC Capital Markets Global TMIT ConferenceNov 20, 20248:20 a.m. PT / 11:20 a.m. ET Cisco Speaker:Scott Herren, EVP and Chief Financial OfficerMark Patterson, EVP and Chief Strategy Officer
SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- News Summary: Broad-based acceleration in product orders reflecting normalizing demandProduct orders up 20% year over year; up 9% year over year excluding SplunkRevenue of $13.8 billion in Q1, at the high end of our guidance rangeStrong profitability:GAAP gross margin of 65.9% and non-GAAP gross margin of 69.3%, above our guidance rangeGAAP EPS of $0.68 and non-GAAP EPS of $0.91, above our guidance rangeQ1 FY 2025 Results:Revenue: $13.8 billionDecrease of 6% year over yearEarnings per Share: GAAP: $0.68; Non-GAAP: $0.91GAAP EPS
SAN JOSE, Calif., Oct. 29, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) has scheduled a conference call for Wednesday, Nov 13, 2024, at 1:30 PM (PT); 4:30 PM (ET) to announce its first quarter and fiscal year 2025 financial results for the period ending Saturday, October 26, 2024. Financial results will be released over PR Newswire via US National and European Financial distribution, after the close of the market on Wednesday, November 13, 2024. Cisco's quarterly earnings press release will be posted at https://newsroom.cisco.com. Date: Wednesday, November 13
JP Morgan upgraded Cisco from Neutral to Overweight and set a new price target of $66.00
Citigroup upgraded Cisco from Neutral to Buy and set a new price target of $62.00 from $52.00 previously
HSBC Securities upgraded Cisco from Hold to Buy and set a new price target of $58.00 from $46.00 previously
SC 13G/A - CISCO SYSTEMS, INC. (0000858877) (Subject)
SC 13G/A - CISCO SYSTEMS, INC. (0000858877) (Subject)
SC 13G/A - CISCO SYSTEMS, INC. (0000858877) (Subject)
In today's rapidly evolving and fiercely competitive business landscape, it is crucial for investors and industry analysts to conduct comprehensive company evaluations. In this article, we will undertake an in-depth industry comparison, assessing Cisco Systems (NASDAQ:CSCO) alongside its primary competitors in the Communications Equipment industry. By meticulously examining crucial financial indicators, market positioning, and growth potential, we aim to provide valuable insights to investors and shed light on company's performance within the industry. Cisco Systems Background Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies
Nvidia Corp (NASDAQ:NVDA) backed AI startup Cohere Inc., has reportedly emerged as one of the most valuable AI companies globally, with a valuation of $5.5 billion at a recent funding round, making it one of Canada’s largest startups. Unlike its Silicon Valley counterparts, Cohere focuses on creating large language models for businesses rather than consumer-facing apps. The startup raised $500 million in a Series D funding round led by PSP Investments. New backers include Cisco Systems Inc (NASDAQ:CSCO), Fujitsu, AMD Ventures, and Canada’s export credit agency EDC, reported Bloomberg. This new funding more than doubles Cohere’s valuation from the previous year and brings its total f
On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management said he is staying long on Pfizer Inc. (NYSE:PFE). On July 11, Pfizer announced it will advance the development of Danuglipron. The company selected the once-daily weight loss drug for continued advancement based on an ongoing pharmacokinetic study. Bryn Talkington of Requisite Capital Management named Pacer US Cash Cows 100 ETF (CBOE: COWZ) as her final trade. Don't forget to check out our premarket coverage here Joe Terranova of Virtus Investment Partners picked Arch Capital Group Ltd. (NASDAQ:ACGL), which is a financial stock. Arch Capital Group will release its its second quarter results a
Industry veteran brings decades of business acumen and global insight from Amazon Web Services, Cisco, Palo Alto Networks, and Unity JFrog Ltd. ("JFrog") (NASDAQ:FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced Unity CFO, Luis Felipe Visoso, will join its Board of Directors, effective immediately. He will also serve as a member of the Board's Audit Committee. With extensive experience in global enterprise leadership and board roles across the cybersecurity, cloud, and software industries, Visoso brings a wealth of business expansion expertise to JFrog that will help the company drive growth in the DevOps, DevSecOps, and AI/MLOps
News Summary: Cisco appoints Ekta Singh-Bushell to its board of directors effective June 14, 2024.Singh-Bushell, a highly accomplished business leader, most recently held the position of deputy to the first vice president, chief operating officer, Executive Office at the Federal Reserve Bank of New York. SAN JOSE, Calif., June 14, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) today announced the appointment of Ekta Singh-Bushell to its board of directors effective June 14, 2024. "I am thrilled to welcome Ekta to Cisco's board. Her experience in data, security, and services will add
Organizations are committed to raising awareness for closing the talent gap and increasing diversity within the cybersecurity industry SAN FRANCISCO, May 8, 2024 /PRNewswire/ -- As the talent gap continues to present a massive and growing challenge within the cybersecurity industry, NightDragon, Cisco and World Wide Technology (WWT) today announced a collaboration with NPower to increase diversity and empower individuals from all backgrounds to pursue careers in cybersecurity. The cyber talent gap presents a significant and immediate issue to the cybersecurity industry, with 92% of cyber organizations reporting a talent shortage, according to the latest Cybersecurity Workforce Study from IS