Professional
Added to YB: 2024-10-16
Pitch date: 2024-10-16
CSCO [bullish]
Cisco Systems, Inc.
+41.56%
current return
Author Info
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Company Info
Cisco Systems, Inc. designs, develops, and sells technologies that help to power, secure, and draw insights from the internet in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.
Market Cap
$307.4B
Pitch Price
$54.96
Price Target
62.00 (-20%)
Dividend
2.11%
EV/EBITDA
19.49
P/E
30.04
EV/Sales
5.57
Sector
Communications Equipment
Category
growth
Citi Upgrades Cisco (CSCO) to Buy, Raises Price Target to $62
CSCO: Citi upgrades to Buy, PT $62. Expanding Ethernet AI TAM, narrowing valuation gap vs peers. AI small now (~2% rev) but growing. Expects investor rotation from semis/hardware to networking. FY25/26 EPS est +2%/5%. 16x P/E (vs 25x peers). Oct-Q results (11/13) potential catalyst.
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