Cisco nets upgrade from Bank of American following solid first quarter
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Cisco Systems Inc received an upgrade from Bank of America after reporting a better-than-expected first quarter performance. Despite a 5.6% revenue decline, it was less than the anticipated 6.1% drop.
November 14, 2024 | 6:00 pm
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Cisco Systems Inc received an upgrade from Bank of America due to better-than-expected Q1 performance. Revenue declined by 5.6%, which was less than the anticipated 6.1% drop.
The upgrade from Bank of America is likely to positively impact Cisco's stock price in the short term. The better-than-expected revenue decline suggests resilience in their business, which can boost investor confidence.
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IMPORTANCE 80
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