More from Dividend.com
Referenced Stocks

Jefferies Maintains “Hold” on Cisco Systems after Disappointing Outlook (CSCO)

By Dividend.com,  May 10, 2012, 09:04:52 AM EDT

Networking equipment maker Cisco Systems, Inc. ( CSCO ) on Thursday caught some tepid commentary from analysts at Jefferies & Co.

The firm maintained its "Hold" rating and $18 price target on CSCO following the company's third quarter earnings and weak fourth quarter guidance. That target suggests a small downside to the stock's Wednesday closing price of $18.78.

A Jefferies analyst commented, "…while the company is executing rather well, the business remains highly-correlated with the ebbs and flows of the global macro-economy." Accordingly, the firm cut its earnings estimates for CSCO through 2013.

Cisco Systems shares fell $1.54, or -8.2%, in premarket trading Thursday.

The Bottom Line
Shares of Cisco Systems ( CSCO ) have a 1.70% dividend yield, based on last night's closing stock price of $18.78. The stock has technical support in the $16-$17 price area. If the shares can firm up, we see overhead resistance around the $20-$21 price levels.

Cisco Systems, Inc. ( CSCO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: CSCO



Latest News Video

Scam Artists Target Veterans
Scam Artists Target Veterans        
Obama Limits Use of Drone Strikes, Defends Anwar Al-Awlaki Attack
Obama Limits Use of Drone Strikes, ...
Diamond Necklace Is Stolen After Cannes Party
Diamond Necklace Is Stolen After Ca...
What Is the Proper Way to Dispose of an American Flag?
What Is the Proper Way to Dispose o...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%