Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Anusuya Lahiri

Here's Why Goldman Sachs Downgraded Cisco

Cisco Goldman Sachs Nasdaq NYSE CSCO Dell Rod Hall

Goldman Sachs analyst Rod Hall downgraded Cisco Systems Inc (NASDAQ:CSCO) to Neutral from Buy with an unchanged price target of $65, suggesting an upside of 8.82%.
The analyst says the shares are approaching the price target while his fundamental outlook "is now in line with consensus."
Hall continues to see Cisco's ongoing Cat 9K refresh and increased campus networking demand as "tailwinds."
Hall believes this is now more balanced by "broader demand headwinds."
In terms of value technology stocks, Hall continues to flag Dell Technologies Inc (NYSE:DELL) as his preferred long, and he's most cautious on NetApp Inc (NASDAQ:NTAP) and Hewlett Packard Enterprise Co (NYSE:HPE).
Price Action: CSCO shares traded lower by 1.67% at $58.73 in the premarket session on the last check Wednesday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

The SAFE SEX Workers Study Act, a Bill Aimed at Ultimately Repealing FOSTA, Is Back

The SAFE SEX Workers Study Act, a Bill Aimed at Ultimately Repealing FOSTA, Is Back

The bill is meant as a first step toward repealing FOSTA, the 2018 law that amended Section 230 and criminalized hosting adult ads.

House ethics committee votes to release report on sexual misconduct allegations against Gaetz – report

House ethics committee votes to release report on sexual misconduct allegations against Gaetz – report

Report is expected to be made public after the committee’s final votes of the year later this week

The Guardian - US

Frustration over ‘deeply disappointing’ Waspi decision justified, says Sarwar

Frustration over ‘deeply disappointing’ Waspi decision justified, says Sarwar

The UK Government’s decision has drawn criticism from across the political spectrum.

The Independent UK

Sarkozy Must Wear Electronic Tag After Losing Graft Case Appeal

Sarkozy Must Wear Electronic Tag After Losing Graft Case Appeal

France's highest appeals court ordered former president Nicolas Sarkozy to wear an electronic tag for a year Wednesday -- a first for a former head of state -- after confirming his convictions for corruption and influence peddling.

International Business Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘There’s a lot of drones authorized up there’: Biden sends radar systems and tries to calm fears

‘There’s a lot of drones authorized up there’: Biden sends radar systems and tries to calm fears

President says there is ‘nothing nefarious’ about objects moving in the skies above the US north-east

The Guardian - US

Matt Gaetz acknowledges he ‘womanized, drank and smoked’ in past as he decries potential release of ethics report – live

Matt Gaetz acknowledges he ‘womanized, drank and smoked’ in past as he decries potential release of ethics report – live

House ethics committee to release report into alleged misconduct, according to media reports; Liz Cheney says Republican January 6 report ‘intentionally disregards the truth’

The Guardian - US

Related Stories

Top stories on inkl right now

The SAFE SEX Workers Study Act, a Bill Aimed at Ultimately Repealing FOSTA, Is Back

The SAFE SEX Workers Study Act, a Bill Aimed at Ultimately Repealing FOSTA, Is Back

The bill is meant as a first step toward repealing FOSTA, the 2018 law that amended Section 230 and criminalized hosting adult ads.

House ethics committee votes to release report on sexual misconduct allegations against Gaetz – report

House ethics committee votes to release report on sexual misconduct allegations against Gaetz – report

Report is expected to be made public after the committee’s final votes of the year later this week

The Guardian - US

Frustration over ‘deeply disappointing’ Waspi decision justified, says Sarwar

Frustration over ‘deeply disappointing’ Waspi decision justified, says Sarwar

The UK Government’s decision has drawn criticism from across the political spectrum.

The Independent UK

Sarkozy Must Wear Electronic Tag After Losing Graft Case Appeal

Sarkozy Must Wear Electronic Tag After Losing Graft Case Appeal

France's highest appeals court ordered former president Nicolas Sarkozy to wear an electronic tag for a year Wednesday -- a first for a former head of state -- after confirming his convictions for corruption and influence peddling.

International Business Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘There’s a lot of drones authorized up there’: Biden sends radar systems and tries to calm fears

‘There’s a lot of drones authorized up there’: Biden sends radar systems and tries to calm fears

President says there is ‘nothing nefarious’ about objects moving in the skies above the US north-east

The Guardian - US

Matt Gaetz acknowledges he ‘womanized, drank and smoked’ in past as he decries potential release of ethics report – live

Matt Gaetz acknowledges he ‘womanized, drank and smoked’ in past as he decries potential release of ethics report – live

House ethics committee to release report into alleged misconduct, according to media reports; Liz Cheney says Republican January 6 report ‘intentionally disregards the truth’

The Guardian - US

Our Picks

Stephen Colbert on Justin Trudeau’s political crisis: ‘Welcome to the club’

Late-show hosts talk Americans’ Christmas food preferences, Canadian prime minister Justin Trudeau’s political crisis and RFK Jr’s strange gym outfit

The Guardian - US

“I haven't heard anything that makes me go, why didn't I do that? I haven't heard that in a long time, which makes my job easy”: As he and Snoop Dogg release their new album, Missionary, Dr Dre says that the current hip-hop scene doesn’t inspire him

“When Dr Dre makes music, his music don't sound like nobody else's music,” says Snoop

People Get Emotional After Arnold Schwarzenegger Is Spotted Being Protected By 5 Bodyguards

"It’s sad seeing our childhood heroes get old man..." The post People Get Emotional After Arnold Schwarzenegger Is Spotted Being Protected By 5 Bodyguards first appeared on Bored Panda.

Trans Actress Confirms Pixar Character Is No Longer Trans After Disney Removed Storyline from New Show: She's a 'Straight Cis Girl' Now

A transgender actress has confirmed that the Pixar character she voiced is no longer transgender after Disney removed that storyline from their new show.

Calm down everyone, Spider-Man: Beyond the Spider-Verse's directors reveal doesn't mean what you think it does

One of Spider-Man: Beyond the Spider-Verse's producers has addressed fan concerns over its development after a recent directing team announcement.

"Why would Vogue allow this?”: Skechers faces AI allegations over controversial ad

It gets the worse the more you look at it.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play