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Rosenblatt Securities Remains a Buy on Cisco Systems (CSCO)

Rosenblatt Securities Remains a Buy on Cisco Systems (CSCO)

In a report released yesterday, Michael Genovese from Rosenblatt Securities reiterated a Buy rating on Cisco Systems (CSCO – Research Report), with a price target of $74.00. The company's shares closed yesterday at $61.29.
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According to TipRanks, Genovese is a 5-star analyst with an average return of 9.3% and a 52.41% success rate. Genovese covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Arista Networks, and Ciena.
In addition to Rosenblatt Securities, Cisco Systems also received a Buy from Evercore ISI's Amit Daryanani in a report issued on May 12. However, on the same day, Barclays maintained a Hold rating on Cisco Systems (NASDAQ: CSCO).
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