Scalper1 News
After a weak start this year, Cisco Systems (CSCO) is showing signs of stabilizing later in 2014, writes an analyst who raised his price target on the company. Analyst Brian White at Cantor Fitzgerald says that the tide began to turn after Cisco reported strong earnings and revenue for its fiscal third quarter, which ended April 26. “In our view, Cisco’s recovery has legs, and the company’s fundamentals appear to be in a bottoming process,” wrote Scalper1 News
Scalper1 News