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jimmybob

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jimmybob

Re: jimmybob post# 328492

Thursday, 08/16/2018 8:03:47 AM

Thursday, August 16, 2018 8:03:47 AM

Post# of 365639
Cisco delivering on Cat 9K cycle, target to $56 at Goldman Sachs
Goldman Sachs analyst Rod Hall said Cisco reported a Q4 beat and guided for year-over-year revenue growth of 5%-7% versus his above consensus 5% forecast. Hall said Cisco's order growth rate materially improved to up 7% from up 4% in Q3, supporting his positive thesis on the Cat 9K product cycle. The analyst raised his price target on Cisco to $56 from $54 and reiterated his Conviction Buy rating.

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