Cisco added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Amit Daryanani is adding Cisco (CSCO) to the firm’s "Tactical Outperform" list as the firm sees the company being positioned to report and guide "at minimum inline to street expectations, with some upside potential." While investors are "hyper focused" on how Cisco’s results could deviate from those of Juniper (JNPR), Evercore said expectations are more tempered at Cisco and noted that it is positioned to drive "not just revenue strength, but also translate that upside to the bottom-line." The firm, which thinks Cisco remains positioned to show accelerating sales and EPS growth in 2023, has an Outperform rating and $58 price target on the Cisco shares.