Cisco gets 90-day positive catalyst watch at Citi following Splunk acquisition

seekingalpha04-12

Cisco Systems (NASDAQ:CSCO) was in focus on Friday as Citi opened up a 90-day positive catalyst watch on the networking giant after it completed its Splunk acquisition last month. Shares slipped ...

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Shares slipped ...</p>\n\n<a href=\"https://seekingalpha.com/news/4089184-cisco-gets-90-day-positive-catalyst-watch-at-citi-following-splunk-acquisition\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cisco gets 90-day positive catalyst watch at Citi following Splunk acquisition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCisco gets 90-day positive catalyst watch at Citi following Splunk acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-12 19:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4089184-cisco-gets-90-day-positive-catalyst-watch-at-citi-following-splunk-acquisition><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cisco Systems (NASDAQ:CSCO) was in focus on Friday as Citi opened up a 90-day positive catalyst watch on the networking giant after it completed its Splunk acquisition last month. Shares slipped ...</p>\n\n<a href=\"https://seekingalpha.com/news/4089184-cisco-gets-90-day-positive-catalyst-watch-at-citi-following-splunk-acquisition\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4525","symbol_name":"远程办公概念","start_time":0,"source_url":"https://seekingalpha.com/news/4089184-cisco-gets-90-day-positive-catalyst-watch-at-citi-following-splunk-acquisition","article_id":"2426788454","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1146714788/image_1146714788.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426788454","pubTimestamp":1712920577,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Cisco Systems  was in focus on Friday as Citi opened up a 90-day positive catalyst watch on the networking giant after it completed its Splunk acquisition last month. 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Presents at OFC 2024 Cisco and Raymond James  Cisco: The Macro Slowdown Might Just Be Its Internal Issue  C","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4525":"远程办公概念","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","SG9999001424.SGD":"United E-Commerce Fund SGD","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4527":"明星科技股","BK4020":"通信设备","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","BK4579":"人工智能","CSCO":"思科","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4560":"网络安全概念","BK4581":"高盛持仓","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU1923622614.USD":"Natixis Thematics Meta R/A USD","SPLK":"Splunk Inc","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","BK4528":"SaaS概念","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","BK4023":"应用软件","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4515":"5G概念","LU1923622291.USD":"Natixis Thematics Safety R/A USD","SG9999002232.USD":"Allianz Global High Payout USD","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","SG9999002224.SGD":"Allianz Global High Payout SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)"},"translate_title":"收购Splunk后，思科在花旗获得90天积极的catalyst观察","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPLK":1,"CSCO":1},"content_text":"Cisco Systems (NASDAQ:CSCO) was in focus on Friday as Citi opened up a 90-day positive catalyst watch on the networking giant after it completed its Splunk acquisition last month. Shares slipped fractionally in premarket trading. Estimates are likely to come down over the next quarter or two due to the ongoing inventory correction and the impact from the Splunk deal, though it's possible the earnings multiple expands \"modestly\" as it benefits from Stage 2 artificial intelligence-related networking demand from sovereign nations and cloud providers, analyst Atif Malik said.  Malik has a Neutral rating and $52 price target on Cisco. With shares trading at 13 times earnings and below the three-year average of 14 times earnings and the S&P 500 multiple of 19 times earnings, the stock is \"washed out,\" Malik added.   More on Cisco  Cisco: A Solid Value In The Mega-Cap Tech Space Cisco Systems, Inc. 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