Markets & Finance

CSFB Positive on Cisco Fourth Quarter.


Credit Suisse analyst Lissa Bogaty said recent channel checks at Cisco Systems (CSCO) were positive and that the network giant's bottom line looks solid for the fourth quarter.

Cisco shares rose 1-9/16, to 42 7/8, after Bogaty's report.

She expects the company to earn $0.78 per share for the 2001 fiscal year ending in July and $0.98 in 2002. Bogaty believes the stock can hit the low $50's in the near-term as investors get comfortable with the macro picture for Cisco.

Bogaty projects Cisco's current multiple onto fiscal year 2002 earnings and sees the stock moving above that range as the company proves it is less cyclically sensitive than previously thought. She expects the stock could move into a 60 times multiple over the next nine months and may hit her target of $87 by the end of 2001. She rates the stock a strong buy.


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus