Stocks Analysis by MarketBeat.com (Nathan Reiff) covering: Citigroup Inc, Cisco Systems Inc, Ciena Corp, Juniper Networks Inc. Read MarketBeat.com (Nathan Reiff)'s latest article on Investing.com
Cisco is a legacy computer networking company that has only recently begun to expand into the AI space.
, and other legacy computer tech companies that have most recently worked to adapt to the demands of the AI boom. analyst Atif Malik upgraded Cisco on October 16, 2024. Malik moved the tech firm from Neutral to Buy, raising the price target by $10 to $62 per share in the process. This has followed after reiterations of buy ratings from analysts at Morgan Stanley , Evercore, and Tigress Financial Partners in recent weeks. In response to the Citi upgrade, Cisco shares popped upward by about 5% throughout the day on October 16.
Cisco's cash flow decreased from the final quarter of its fiscal 2023 to the latest quarter, but it remained a healthy $3.7 billion. This provides Cisco ample room to continue a strategic pivot toward AI applications.The combination of Cisco's compelling P/E ratio and strong cash flows means it is a good choice of dividend stock for investors who are optimistic about the firm's long-term prospects.
Cisco Systems Inc Ciena Corp Juniper Networks Inc
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 Blue-Chip Opportunities the Market OverlookedStocks Analysis by MarketBeat.com (Jeffrey Neal Johnson) covering: Chevron Corp, Dow Inc, Cisco Systems Inc. Read MarketBeat.com (Jeffrey Neal Johnson)'s latest article on Investing.com
Read more »
UPS vs FedEx: Which Stock Delivers Better Holiday Gains?Stocks Analysis by MarketBeat.com (Nathan Reiff) covering: FedEx Corporation, United Parcel Service Inc. Read MarketBeat.com (Nathan Reiff)'s latest article on Investing.com
Read more »
These 3 Stocks Are Screaming Oversold: Seize the OpportunityStocks Analysis by MarketBeat.com (Ryan Hasson) covering: SPDR® S&P 500, Biogen Inc, Micron Technology Inc, Regeneron Pharmaceuticals Inc. Read MarketBeat.com (Ryan Hasson)'s latest article on Investing.com
Read more »
China’s EV Rally: Time to Jump In or Sit Tight for a Potential Pullback?Stocks Analysis by MarketBeat.com (Ryan Hasson) covering: Nio Inc Class A ADR, Li Auto Inc, Xpeng Inc. Read MarketBeat.com (Ryan Hasson)'s latest article on Investing.com
Read more »
3 Stocks Gearing Up for Strong Q4 Rally Amid AI Boom, Holiday SeasonStocks Analysis by MarketBeat.com (Jea Yu) covering: Microsoft Corporation, Best Buy Co Inc, Micron Technology Inc, TJX Companies Inc. Read MarketBeat.com (Jea Yu)'s latest article on Investing.com
Read more »
Levi’s Revenue Dips, But Record Margins Might Stitch Things UpStocks Analysis by MarketBeat.com (Jea Yu) covering: Gap Inc, Kohl’s Corp, Gildan Activewear Inc., Lululemon Athletica Inc. Read MarketBeat.com (Jea Yu)'s latest article on Investing.com
Read more »