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Baird still bullish on Cisco after 'solid' Q3 report

Published 05/17/2018, 02:49 PM
© Reuters.  Baird still bullish on Cisco after 'solid' Q3 report
CSCO
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  • Investors may not like the guidance in Cisco's (NASDAQ:CSCO) Q3 earnings report -- shares are 3.5% lower and hit their lowest point in a month -- but Baird's Jayson Noland is sticking with bullishness.
  • The report was "solid" and reinforced a view that the company's "increasingly well positioned" for differentiation, Noland writes.
  • He has an Outperform rating and reiterates a $51 price target, now representing 17% upside.
  • Earnings call slides
  • Earnings call transcript
  • Now read: Cisco Systems: No Surprises, Watch The Margins


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