Reported 1 day ago
Cisco Systems (CSCO) recently exceeded expectations in its earnings report, driven by strong performance in its Networking segment, despite weaker results in Security. KeyBanc analyst Brandon Nispel reiterated an Overweight rating with a price target of $77, highlighting growth potential in AI and cloud initiatives. While cautioning investors about public sector weaknesses affecting Security growth, the report emphasizes opportunities in Hyperscaler/Enterprise AI and suggests a favorable outlook for Cisco's future.
Source: YAHOO