Cisco shares fall after Morgan Stanley downgrade
corporate had the chance to develop meaningfully “as prospects implement subsequent technology IT infrastructures,” he stated. Cisco’s inventory has climbed steadily since October 2011, including 17 % over the past 12 months alone.
“However our newest surveys counsel the pipeline for Cisco’s Safety gross sales amongst resellers is flattening,” Faucette stated.
Cisco shares slid 0.9 % in premarket buying and selling from Monday’s shut of $47.58 a share. Morgan Stanley has a worth goal of $49 a share on Cisco.