Cisco Systems' Improving Revenue Mix, Stable Margins to Boost EPS CAGR, Deutsche Bank Says

MT Newswires Live
Jun 16

Cisco Systems' (CSCO) improving revenue mix and stable margins can boost the compound annual growth rate of its earnings per share to high-single digits of 7% to 8% "looking forward," Deutsche Bank said in a Monday note.

The investment firm said tailwinds from artificial intelligence, a revamped portfolio for its campus segment, enhanced scale in security business, and more favorable near-term competitive dynamics in the networking division have improved visibility towards Cisco's mid-single-digit growth in the coming years.

Deutsche Bank upgraded Cisco to buy from hold and raised its price target to $73 from $65.

Shares of Cisco were up more than 2% in recent Monday trading.

Price: 65.44, Change: +1.35, Percent Change: +2.11

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