Consensus sales and EPS estimates for Cisco Systems (CSCO) are too low, says Citigroup, which initiated coverage on F5 Networks with a sell rating and Juniper Networks with a neutral stock recommendation. Citigroup analyst Jim Suva set a target price of 30 on Cisco, a 12% premium to its closing price on Monday. Suva put a price target of 105 on F5 Networks (FFIV). Seattle-based F5 is the No. 1 seller of application delivery controllers, which
FireEye (FEYE) took a body blow Monday on Wall Street, with one analyst positing that the network securer wouldn’t survive stout competition from Cisco Systems (CSCO), Check Point Software and Palo Alto Networks. Together, Cisco, Check Point (CHKP), Palo Alto (PANW) and privately-held Mandiant hold 48% of the firewall market and use their own “sandbox” technology, Piper Jaffray analyst Andrew Nowinski wrote in a research report. Nowinski
The outlook for corporate spending on information technology in 2016 has improved, says a Morgan Stanley survey, with more money earmarked for cloud computing, security and software analytics. Among the companies getting a boost from IT spending trends will be Microsoft (MSFT), Cisco Systems (CSCO), Palo Alto Networks, Tableau Software (DATA) and Splunk, says Morgan Stanley in a research report Thursday. Morgan Stanley says it surveyed 99 U.S. and