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
After a weak start this year, Cisco Systems (CSCO) is showing signs of stabilizing later in 2014, writes an analyst who raised his price target on the company. Analyst Brian White at Cantor Fitzgerald says that the tide began to turn after Cisco reported strong earnings and revenue for its fiscal third quarter, which ended April 26. “In our view, Cisco’s recovery has legs, and the company’s fundamentals appear to be in a bottoming process,” wrote
Software-defined networking, an emerging data center technology, is turning into a revenue opportunity for F5 Networks (FFIV) rather than a threat to its core business, says Pacific Crest Securities. Pacific Crest analyst Brent Bracelin says marketing partnerships with Cisco Systems (CSCO) and VMware (VMW), which is controlled by data storage firm EMC (EMC), have helped Seattle-based F5 target the SDN market. “We are encouraged that the biggest