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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 15:27:54 (1 weeks 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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