Cisco Systems, Inc. (NASDAQ:CSCO) released its latest earnings report last night, and the results were mixed. However, they were good enough to please many investors, and analysts are weighing in on the good and the bad in that report.
Cisco Systems, Inc. last week notched its first weekly close north of $26 since August 2013, and with the stock bottoming out at an intraday low of $26 earlier, it seems like this former layer of resistance could now be switching to a more supportive role.
Cisco Systems, Inc. (NASDAQ:CSCO) keeps setting new highs after RBC Capital raised its price target on the name to $29 from $28, citing hopes the company can stay around current levels despite some are concerned that Cisco's gross margins will fall.
Cisco Systems, Inc. (NASDAQ:CSCO) may be facing cutthroat competition from rivals, mostly Chinese companies. However, analysts still hold that the networking company has enough opportunities to go for in the market.