Cisco (CSCO) shares receive a downgrade at Morgan Stanley

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CSCO – Morgan Stanley analyst James Faucette downgraded Cisco Systems Inc. shares to equal weight from overweight.

Morgan Stanley analyst James Faucette downgraded Cisco Systems Inc.CSCO, +0.55% shares to equal weight from overweight on Tuesday, a day before the company’s fiscal second-quarter earnings report. Current estimates for Cisco “build in continued strength,” Faucette wrote, and while he thinks that Cisco is “steadily executing on the security opportunity,” the company might have trouble offsetting the deceleration in the hardware cycle. He also sees “slowing improvements” in the company’s security portfolio, which could make it harder for Cisco to achieve “incremental pull through for the rest of the businesses.” Faucette lowered his price target on the stock to $49 from $51. Shares are up 0.3% in Tuesday morning trading, and they’ve gained nearly 10% over the past three months. The Dow Jones Industrial Average DJIA, +1.15% has fallen 0.4% in that time.

Cisco Systems Inc. shares were trading at $47.73 per share on Tuesday morning, up $0.15 (+0.32%). Year-to-date, CSCO has gained 11.01%, versus a 9.29% rise in the benchmark S&P 500 index during the same period.

CSCO currently has a POWR Rating of A (Strong Buy), and is ranked #1 of 54 stocks in the Technology – Communication/Networking category.

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CSCO at a Glance

CSCO Current POWR Rating™
Overall POWR Rating™
CSCO Current Price $49.43 2.13%
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CSCO Price Reaction

The day of this event (Feb. 12, 2019)
CSCO Closing Price$47.89 0.65%
CSCO Volume23,910,900
2.64% from avg
Leading up to this event
CSCO 1-mo returnN/A%
After this event
CSCO 1-day return0.17%
CSCO 3-day return3.74%

CSCO Price Chart

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