Cisco Gains Ahead Of Q1 Earnings As JPMorgan Projects Networking Market Recovery In 2025

Quick Summary:

Shares of Cisco Systems Inc.(NASDAQ:CSCO) climbed on Monday, with its rally expected to carry through year-end as the company prepares to announce Q1 earnings on Wednesday.

The Cisco Systems Thesis: Expectations of a recovery in the Networking market in 2025 are supported by the recent earnings releases by Juniper Networks, Inc.(NYSE:JNPR) ...

Analyst Samik Chatterjee upgraded the rating for Cisco Systems from Neutral to Overweight, while raising the price target from $55 to $66.

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Author / Journalist: Priya Nigam

Category: Technology

Markets: United States

Topics: Samik Chatterjee US30226D1063 Stories That Matter US48203R1041 Analyst Color Analyst Ratings Long Ideas Expert Ideas CSCO Trading Ideas JPMorgan Top Stories EXTR JNPR Price Target Benzinga Tech US17275R1023 Upgrades Movers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 15:27:54 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23518528

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