Reported about 2 months ago
Analysts suggest Cisco Systems, Inc. (NASDAQ:CSCO) offers a secure option for investors worried about a recession but may not be the best choice for those anticipating interest rate cuts. Following positive fourth-quarter earnings exceeding estimates, analysts from Needham, Oppenheimer, Piper Sandler, and BofA Securities presented mixed views on Cisco's outlook, highlighting its potential in SaaS and Cloud while noting challenges in market share against competitors like Arista and Microsoft.
Source: YAHOO