Option Millionaires

[jimmybob]

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.