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News Breaks
January 14, 2013
10:33 EDTCSCOCisco rises after two analysts boost rating on shares
Cisco Systems (CSCO) is advancing after two analysts upgraded the stock in notes to investors earlier today. William Blair analyst Jason Ader upgraded the shares to Outperform from Market Perform. The company has taken several positive steps, including reducing its costs, instituting a dividend, and getting out of consumer businesses at which it did not excel, Ader wrote. Moreover, looming threats to Cisco's business will not emerge as quickly as previously expected, and the company should continue to execute well, the analyst added. Cisco's stock is relatively safe and inexpensive, Ader believes. Meanwhile, Robert W. Baird analyst Jayson Noland raised the stock to Outperform from Neutral. The firm's research indicates that Cisco is executing very well, Noland wrote. Like Ader, Noland believes that the company has been boosted by its restructuring efforts, while it's unlikely to be threatened by new software networking technologies in the near future. Noland identified Cisco as his favorite large cap stock for 2013, and he increased his price target on the shares to $25 from $21. In mid-morning trading, Cisco rose 30c, or 1.46%, to $20.78.
News For CSCO From The Last 14 Days
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July 27, 2015
11:18 EDTCSCOCisco's new CEO names Biri Singh as CTO, Kevin Brandy as CDO
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July 26, 2015
15:07 EDTCSCOCisco CEO to add 'key external hires' to management team, Barron's says
Cisco CEO Chuck Robbins told Barron's in an interview that "I think itís fair to say I bring the ability to move faster [than predecessor John Chambers] just in how I structure the teams and how I will interact with them," adding that he plans "some key external hires," potentially in cloud computing and security. The publication notes that shares of Cisco could jump "sharply higher" if investors start looking at Cisco's potential strength in the Internet-of-Things space. Reference Link
14:44 EDTCSCOAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
06:17 EDTCSCOCisco new CEO says to exit Q4 with headcount up
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July 23, 2015
06:15 EDTCSCOTechnicolor to acquire Cisco's connected devices unit for EUR550M
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July 21, 2015
14:24 EDTCSCOEarnings Watch: EMC reports amid M&A speculation in sector
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July 17, 2015
07:05 EDTCSCOCisco management to meet with Deutsche Bank
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July 16, 2015
09:08 EDTCSCOGE unveils high-speed network infrastructure for industrial internet connection
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07:15 EDTCSCOCisco management to meet with Deutsche Bank
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July 15, 2015
07:24 EDTCSCOCisco management to meet with Deutsche Bank
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July 14, 2015
07:07 EDTCSCOCisco management to meet with Deutsche Bank
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July 13, 2015
07:42 EDTCSCOCisco, F5 to benefit from strong IT, data networking spending, says Bernstein
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07:32 EDTCSCOCisco management to meet with Deutsche Bank
Meeting to be held in London on July 13 hosted by Deutsche Bank.

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