Cisco Faces Margin Pressure As It Moves To Cloud

By | July 28, 2014

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Cisco Systems (CSCO) received an analyst downgrade based on its current stock price and the tough competition it faces in cracking the cloud market. The stock for the world’s largest computer networking company fell 0.6% to 25.83 in afternoon trading on the stock market today. In a report released Sunday, Brent Bracelin, an analyst for Pacific Crest Securities, downgraded the company to sector perform from outperform while noting that the company Scalper1 News

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