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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (39166)	8/9/2000 10:12:59 AM
From: The Phoenix	Respond to of 77397

RESEARCH ALERT - Brokerages up Cisco estimates NEW YORK, Aug 9 (Reuters) - Brokerages on Wednesday raised earnings and revenue estimates for Cisco Systems Inc. (NasdaqNM:CSCO - news), after the world's biggest maker of computer networking equipment reported better-than-expected fourth-quarter profits. -- Lehman Bros. reiterated Cisco as buy, raised fiscal 2001 revenue estimate to $28.6 billion from $26.7 billion, and raised 2001 earnings per share (EPS) estimate to 74 cents, up from 70 cents. -- Deutsche Banc Alex. Brown reiterated strong buy, raised fiscal 2001 EPS estimate to 74 cents from 69 cents, raised 2001 revenue estimate to $28.5 billion from $26.1 billion. -- Donaldson Lufkin & Jenrette rated as a buy, said Cisco should ``offer considerable upside potential.'' Raised fiscal 2001 revenue estimate to a 50 percent increase, up from previous estimate of a 40 percent increase. -- UBS Warburg maintained as buy, 12-month price target of $85. Raised fiscal 2001 EPS estimate to 75 cents from 68 cents, 2002 raised to 93 cents from 85 cents. -- Cisco shares were up 3-3/8 at 68-7/8 in morning trading on the Nasdaq. Analysts chime in on Cisco --10:02 am - By Tomi Kilgore A bevy of analysts chimed in with positive comments on Cisco Systems' quarterly report. The stock is now trading up 3 5/8 at 69 1/8 (see 8:59 item). Lehman Bros. analyst Tim Luke reiterated his "buy" rating, calling the results "impressive." Donaldson, Lufkin & Jenrette's Lissa Bogarty says evidence is mounting that the company will be able to provide 30-percent-plus growth over the next 10 years, giving the stock considerable upside potential. James Parmalee at CS First Boston called the quarter "outstanding," saying the stock should be a core investment holding. SG Cowen's Christin Armacost reiterated the "strong buy" rating, saying the company showed strength across the board. Mark Edelen at Thomas Weisel said it was the strongest overall quarter in 4 years. PaineWebber's Walter Piecyk reiterated his "buy" rating and lifted his revenue and EPS estimates. The one knock on the company: Piecyk noted that the company expects the reduction in gross margins will accelerate to 50-100 basis points from its prior belief of a 30-50 basis point drop, due to components shortages and its movement into lower margin, but fast growing segments, like optics.