Telecommunications

Raymond James raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59

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Raymond James analyst Simon Leopold raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 and maintained an “outperform” rating. The analyst told investors in a research note that Raymond James was “pleasantly surprised” by Cisco’s strong outlook for fiscal third quarter and fiscal 23. The investment bank said the overall tone was optimistic, demand was healthy and the cancellation rate remained low.

Raymond James raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 Read Post »

Cisco Systems (NASDAQ: CSCO) reported Q2 2023 revenue of $13.6 billion, up 7% year-over-year

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February 15, 2023 Cisco Systems (NASDAQ: CSCO) today reported second quarter results for the period ended January 28, 2023. Q2 revenue was $13.6 billion, analysts expected $13.43 billion; Q2 product revenue was $10.16 billion, analysts expected $10.02 billion; Q2 Security and Agile Networks revenue was $6.75 billion, analysts expected $6.47 billion; Q2 services revenue was $3.44 billion, analysts expected $3.43 billion; full-year revenue was expected to grow 9%-10.5%, analysts expected to increase 5.7%. The company had previously expected growth of 4.5%-6.5%; Revenue is expected to rise 11%-13% in the fiscal third quarter, compared with analysts’ expectations of 5.8%. Q2 FY 2023 Highlights Total revenue was up 7% at $13.6 billion, with product revenue up 9% and service revenue was up 2%. Revenue by geographic segment was: Americas up 9%, EMEA up 5%, and APJC was up 1%. Product revenue performance was led by growth in Secure, Agile Networks up 14%, End-to-End Security up 7%, and

Cisco Systems (NASDAQ: CSCO) reported Q2 2023 revenue of $13.6 billion, up 7% year-over-year Read Post »

Cisco Systems (NASDAQ: CSCO) Price Target Raised to $55.00/Share From $52.00 by Morgan Stanley

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Morgan Stanley analyst Meta Marshall raised Cisco Systems (NASDAQ: CSCO) price target to $55 from $52 and maintained a “hold on the sidelines” rating, noting that Cisco’s fiscal second-quarter results and supply chain conditions were better than expected. The analyst added that the near-term focus will remain on releasing backlogs and fulfilling orders, with the company’s demand comments being more positive than the assessment.

Cisco Systems (NASDAQ: CSCO) Price Target Raised to $55.00/Share From $52.00 by Morgan Stanley Read Post »

Roku (NASDAQ:ROKU) to Post Q1 2023 EPS of $1.59 at William Blair Forecasts

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Roku, Inc. (NASDAQ:ROKU) Equities researchers at William Blair lowered their Q1 2023 earnings estimates for shares of Roku in a report issued on Wednesday, January 4th. William Blair analyst R. Schackart now forecasts that the company will post EPS of $1.59 for the quarter, down from their previous forecast of ($1.55). The consensus estimate for Roku’s current full-year earnings is $3.66.

Roku (NASDAQ:ROKU) to Post Q1 2023 EPS of $1.59 at William Blair Forecasts Read Post »

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