#cisco-systems

#cisco-systems

Cisco Systems ( NASDAQ: CSCO) has dropped 9.4% over the past week. That's seven times worse than the S&P 500's 1.28% decline over the same period. Yet Wall Street analysts still see the stock climbing to an average target of $88.81, implying roughly 16% upside from current levels. The question: is this a buying opportunity or are analysts missing something the market already knows?

Cisco Systems will eliminate 221 jobs at two Bay Area locations, including 157 layoffs at a Milpitas site and 64 in San Francisco, with cuts effective Oct. 13.

In Q4, revenue, gross margin and operating margin were at the high end of our guidance ranges, earnings per share was above the guidance range and we delivered solid operating cash flow.