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■Buy Cisco Stock Because Of Its New Switch Items, JPMorgan Claims(05-24 17:01)
Cisco Methods stock (ticker: CSCO) could rally because its new products will drive better sales, according to JPMorgan.

The networking company is a leading maker of routers, switches and security products. It will report fiscal third-quarter earnings results on May 15.


Cisco Methods stock (ticker: CSCO) could rally because its new products will drive better sales, according to JPMorgan.



The networking company is a leading maker of routers, WS-C2960XR-24PD-I switches and security products. It will report fiscal third-quarter earnings results on May 15.



The particular back story. Cisco shares have rallied about thirty percent so far in 2019. In February, the company reported strong fiscal-second 1 / 4 results as it adjustments more of its business from hardware to the subscription recurring income model.



What’s new. JPMorgan analyst Samik Chatterjee on Tuesday reaffirmed his Overweight score for Cisco stock, citing its latest lineup of networking switch products.



“The product announcements are important in allowing Cisco to be more favorably positioned for share gains in a $5 bn Wifi LAN market as well as a substantial section of the $14 bn... switching market, ” this individual wrote.



Cisco shares were down 0. 2% to $56. 01 on Tuesday at 2: 10 g. m., while the Dow Jones Industrial Average is little changed.



The analyst said the company’s new Catalyst 9600 switch will spur upgrades due to its Wi-Fi capabilities, faster speed and security features.



“We believe Cisco’s considerable software functions and continuing subscription-based profits additionally call for a re-rating in the shares, which have historically traded at a discount to software companies, ” he wrote.







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