Latest news with #NewStreet
Yahoo
21-05-2025
- Business
- Yahoo
New Street Downgrades Cisco Systems (CSCO) to Neutral, Cuts PT
On May 16, New Street analyst Pierre Ferragu downgraded the rating on Cisco Systems, Inc. (NASDAQ:CSCO) from Buy to Neutral, lowering the price target from $75 to $70. Ferragu mentioned that Cisco's gross margin has taken a hit, with a slight decline in the April 2025 quarter. The analyst added that the gross margins had declined by 10 basis points quarter-over-quarter in April 2025. The analyst expects a further drop of 60 basis points in the July 2025 quarter, impacted by tariffs. The analyst believes that the margin expansion should resume eventually, however, the current valuation metrics reflect a risk with limited upside potential. Ken Wolter / On the contrary, Wells Fargo analyst Aaron Rakers upgraded the rating on CSCO from Equal Weight to Overweight on May 15, increasing the price target from $72 to $75. Rakers has made an upgrade following the strong quarterly performance driven by AI. The analyst highlighted Cisco's rising AI momentum to be a key factor for the company's growth. During the third quarter of FY2025, Cisco Systems, Inc. (NASDAQ:CSCO) received AI infrastructure orders worth more than $600 million, driven by web-scale customers. The total orders from AI are now over $1 billion for the nine months of FY2025. Cisco has gained momentum from a boom in data center investment as the demand for generative AI continues to soar. Cisco, along with other U.S. tech giants, will be supporting the recently announced "UAE Stargate" AI data center project. With AI-driven investments, Cisco Systems now expects to end FY2025 with total revenue between $56.5 billion and $56.7 billion, compared to its previous projection of $56 billion to $56.5 billion. Rakers sees strong AI momentum as a continuation for CSCO. Cisco Systems, Inc. (NASDAQ:CSCO) is one of the leading companies that designs and sells technologies that power the internet. With its industry-leading AI-powered solutions and services, the company allows its customers and partners to enhance productivity, unlock innovation, and strengthen digital resilience. While we acknowledge the potential of CSCO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSCO and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
New Street Downgrades Cisco Systems (CSCO) to Neutral, Cuts PT
On May 16, New Street analyst Pierre Ferragu downgraded the rating on Cisco Systems, Inc. (NASDAQ:CSCO) from Buy to Neutral, lowering the price target from $75 to $70. Ferragu mentioned that Cisco's gross margin has taken a hit, with a slight decline in the April 2025 quarter. The analyst added that the gross margins had declined by 10 basis points quarter-over-quarter in April 2025. The analyst expects a further drop of 60 basis points in the July 2025 quarter, impacted by tariffs. The analyst believes that the margin expansion should resume eventually, however, the current valuation metrics reflect a risk with limited upside potential. Ken Wolter / On the contrary, Wells Fargo analyst Aaron Rakers upgraded the rating on CSCO from Equal Weight to Overweight on May 15, increasing the price target from $72 to $75. Rakers has made an upgrade following the strong quarterly performance driven by AI. The analyst highlighted Cisco's rising AI momentum to be a key factor for the company's growth. During the third quarter of FY2025, Cisco Systems, Inc. (NASDAQ:CSCO) received AI infrastructure orders worth more than $600 million, driven by web-scale customers. The total orders from AI are now over $1 billion for the nine months of FY2025. Cisco has gained momentum from a boom in data center investment as the demand for generative AI continues to soar. Cisco, along with other U.S. tech giants, will be supporting the recently announced "UAE Stargate" AI data center project. With AI-driven investments, Cisco Systems now expects to end FY2025 with total revenue between $56.5 billion and $56.7 billion, compared to its previous projection of $56 billion to $56.5 billion. Rakers sees strong AI momentum as a continuation for CSCO. Cisco Systems, Inc. (NASDAQ:CSCO) is one of the leading companies that designs and sells technologies that power the internet. With its industry-leading AI-powered solutions and services, the company allows its customers and partners to enhance productivity, unlock innovation, and strengthen digital resilience. While we acknowledge the potential of CSCO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSCO and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
19-05-2025
- Daily Mail
Sickening moment man is knocked out cold with a single punch in city centre confrontation
Horrifying footage has revealed a man was knocked unconscious by a sickening punch after violence erupted in a city centre. The victim can be seen being floored by a single blow in front of shocked shoppers in Birmingham city centre yesterday. The man, clutching a Ukrainian flag, squares up towards another man wearing a white t-shirt before being stopped in his tracks by the powerful swing A sickening thud can be heard as the blow connects and sends the man crashing to the ground as stunned onlookers call out 'oh s**t' and 'oh my days.' Passers-by continue to walk without helping the stricken victim as he lay motionless on the floor along New Street, near the Bullring shopping centre. Witnesses said the man regained consciousness after some time and he was eventually helped by members of the public. One onlooker, who did not wish to be named, said: 'People did eventually come to help the guy who got knocked out and then there were sirens. 'The guy with the flag was kind of taunting the other guy for a long time and then the other guy just ended up hitting him.' The victim was seen being floored by a single blow in front of terrified shoppers in Birmingham city centre yesterday West Midlands Police said: 'We're investigating after a man was assaulted on New Street in Birmingham around 7.20pm on Saturday 17 May. 'The man was taken to hospital with injuries which are not life-changing. 'Our enquiries are ongoing and we are reviewing footage of the incident.
Business Insider
08-05-2025
- Business
- Business Insider
Telecom Italia downgraded to Neutral from Buy at New Street
New Street downgraded Telecom Italia (TIIAY) to Neutral from Buy with a EUR 0.36 price target Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
The Sun
07-05-2025
- Business
- The Sun
Adored Italian restaurant with 66 branches across the UK closes in city centre after serving customers for over 10 years
A BELOVED Italian high street icon with nearly 70 sites across the UK has shut its doors in a major city centre after 10 years of service. The popular chain on Birmingham 's busy New Street closed down after a decade of serving up pizzas, pastas and salads. 2 A sign in the window of Ask Italian - on the corner unit where New Street meets Bennetts Hill - told customers that it would be closing for good. The same sign also advised customers that their nearest branch is at Merry Hill - and that movers were already clearing the space. The message to its loyal customers read: "Thank you. Your Ask Italian Birmingham is closing on May 5." They added that it had been a "pleasure to be part of your community". "We hope you've enjoyed it as much as we have," the chain said. "Your local Ask Italian is now Merry Hill Shopping Centre." It is unclear what the plans are for the unit's new space. Ask Italian is part of the Azzurri Group. The group also operates chains Boojum, Zizzi, Coco di Mama and Dave's Hot Chicken. Viral chicken chain Dave's Hot Chicken announced it would be expanding into the UK market last year. Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation According to reports, the growing chain could potentially fill up the empty space Ask Italian has left behind. A Boojum location opened on New Street last year. If Dave's Hot Chicken opens, it will become one of five chicken shops on the stretch of New Street now referred to by some locals as the "Chicken Quarter". It comes after another beloved restaurant closed down after 10 years of service in Sheffield. Koko had what locals labelled the city's best sushi, but announced its closure from April 14 last month. Also in late April, a popular steakhouse closed all its branches after going bust. The chain went into administration without any explanation according to reports. 2
