Cisco Systems, Inc. (NASDAQ:CSCO), Arista Networks (NYSE:ANET) - Cisco Analysts On COVID-19 Recovery, Challenges, Valuation After Q2 Print
Additionally, component shortages, the pandemic and exchange rates present challenges, the analyst said. Orders from the important Enterprise vertical remained challenged, but every other vertical showed improved orders, he said. "With a recovery underway, we continue to like the stock, and our price target goes to $50." Rosenblatt On Read-Through For Cisco's Peers: Cisco's results were at the high end of the guidance, and the fiscal year third-quarter guidance reflected continued macroeconomic improvement, Rosenblatt Securities analyst Ryan Koontz said in a note. The retreat in the stock ...
Source: benzinga.com