Dallas, Texas 04/11/2014 (FINANCIALSTRENDS) – Cisco Systems, Inc.(NASDAQ:CSCO), as one of the leading networking service providers has been setting trends on the stock market be it on the browser or on it playfield – networking component technology.
Apparently, all this is set to change. Cisco Systems, Inc.(NASDAQ:CSCO) was recently covered by analyst Wunderlich.
The analysts at the organization conducted interviews across industry and the conclusion drawn was close to disappointment for this giant network player. Cisco’s products did not capture that much interest, in any of its product portfolios, unlike previous specific market transitions.
Ciscos unattractive network products
Cisco Systems, Inc.(NASDAQ:CSCO) diversified networking products which are currently losing their leader board, marksmanship is- SDN or Software Defined Networking; Network Function Virtualization or NFV as well as cloud services. These are dilutive and Cisco will now install a base upgrade in the near future.
Cisco Systems, Inc.(NASDAQ:CSCO) when viewed in its entirety does not lose any of its advantages and mass. However, the next set of fiscals will be important for this technology path finder.
Cisco Systems, Inc.(NASDAQ:CSCO) now holds a downgrade by this analyst. This definitely took its toll on the stock market performance of this stock as it began to fall on the stock market, closing 1% lower in the premarket trading sessions.
In addition to the downgrade, the company has also been hugely affected by the downgrade on the target price. Where the analyst had a $25 on this stock, it was revised lower to $24. In terms of upside, it was about 5% over previous close.
The bottom line for this networking pioneer and continually evolving component maker, feel analysts, is that the valuation of the company has hit rock-bottom.
This stock holds market cap of $116.68 B and has a Profit to Earnings ratio of 14.97.