Shares of Cisco Systems Inc (NASDAQ:CSCO) came under some pressure in early trading on Thursday, after the company Wednesday reported upbeat fiscal fourth-quarter results.
Here are some key analyst takeaways.
- JPMorgan analyst Samik Chatterjee reiterated an Overweight rating, while raising the price target from $78 to $80.
- Goldman Sachs analyst Michael Ng maintained a Neutral rating, while raising the price target from $67 to $71.
Check out other analyst stock ratings.
JPMorgan: Cisco Systems reported revenues of $14.7 billion. It topped the consensus of $14.6 billion, driven by stronger-than-expected Networking revenues. The company’s gross and operating margins of 68.4% and 34.3% surpassed consensus estimates of 68.2% and 34.1%, respectively.
Cisco tracked …