BGC analyst Colin Gillis today initiated coverage of Cisco Systems CSCO.q with a Buy rating and a $24 price target, arguing that investors who can stomach the risk should buy the shares ahead of the fiscal Q3 earnings report tomorrow, which he thinks could beat estimates. Gillis is modeling $10.9 billion in revenue and 40 cents in EPS for Q3, versus the consensus $10.8 billion and 37 cents.
Cisco has a history of surprising “over delivering,” he argues:
Despite the 13% YTD decline in share price and concern over gross margins, Cisco is a company with a rare combination of market share leadership, a diverse geographical revenue base, participation in the ever expanding needs of the network, and trades at a discount valuation. Management has an established history of under promising and over delivering on financial results, and the company recently scored 4.9 out of 5 with its top customers, its highest rating in a decade
Cisco has a history of surprising “over delivering,” he argues:
Despite the 13% YTD decline in share price and concern over gross margins, Cisco is a company with a rare combination of market share leadership, a diverse geographical revenue base, participation in the ever expanding needs of the network, and trades at a discount valuation. Management has an established history of under promising and over delivering on financial results, and the company recently scored 4.9 out of 5 with its top customers, its highest rating in a decade
1 commentaire:
Hahahah tout le monde peut être ANALyste rendu la... CISCO ce matin est à -4,22% pre market
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