Shares of Cisco Systems Inc.
were declining 0.9% in Wednesday morning trading after BofA Global Research analyst Tal Liani lowered his rating on the networking stock to neutral from buy. Liani wrote that consensus expectations bake in a “soft landing” for Cisco’s product-revenue growth but also “lead to FY24/FY25 product revenues that are much higher than historical levels.
were declining 0.9% in Wednesday morning trading after BofA Global Research analyst Tal Liani lowered his rating on the networking stock to neutral from buy. Liani wrote that consensus expectations bake in a “soft landing” for Cisco’s product-revenue growth but also “lead to FY24/FY25 product revenues that are much higher than historical levels.
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