William Blair analyst Sebastien Naji has maintained their neutral stance on CSCO stock, giving a Hold rating today.
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Sebastien Naji’s rating is based on a combination of factors influencing Cisco Systems’ performance. The company reported strong results in its core networking business, bolstered by significant contributions from AI-related initiatives. This growth was primarily driven by substantial orders from webscale customers, indicating a promising trajectory for Cisco’s AI networking capabilities.
However, Naji also noted challenges that temper the overall outlook. The security segment underperformed due to weaker federal demand, which impacted total order growth. Despite some positive developments, such as new product traction, broader macroeconomic uncertainties and stiff competition in core markets present a balanced risk-reward scenario. Consequently, Naji maintains a Hold rating, reflecting a cautious stance amidst these mixed signals.
In another report released today, Barclays also maintained a Hold rating on the stock with a $71.00 price target.