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Cisco shares fall after Morgan Stanley downgrade – Information by Automobilnews.eu

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Cisco shares fall after Morgan Stanley downgrade


Morgan Stanley lowered its score on shares of Cisco Methods to equal-weight from obese on Tuesday, citing slowing progress within the firm’s networking safety enterprise.

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.

Cisco shares fall after Morgan Stanley downgrade – Information by Automobilnews.eu
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