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<Research>Citi Adds Cisco Systems (CSCO.US) TP to USD71, Rating Buy
Cisco Systems (CSCO.US) reported quarterly results and outlook slightly better than expected, Citi opined in its research report.In Citi's opinion, the key positive factors in ...
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<Research>Citi Adds Cisco Systems (CSCO.US) TP to USD71, Rating Buy
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Cisco Systems (CSCO.US)      reported quarterly results and outlook slightly better than expected, Citi opined in its research report.

In Citi's opinion, the key positive factors in Cisco Systems' achievements included continued growth in orders for network and data center switches, acceleration of cloud AI orders from USD350 million per quarter to USD600 million, and the commencement of AI order conversion.

Related NewsInflation Rate MoM for Apr in United States is 0.2%, higher than the previous value of -0.1%. The forecast was 0.3%.
In light of the robust momentum in AI development, Citi raised its target price for Cisco Systems from USD68 to USD71, while keeping the Buy rating unchanged.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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