Investors should buy Cisco shares because the company will become a more stable subscription-oriented business, according to Credit Suisse, which reiterated its outperform rating on the technology firm.
Cisco will hold its financial analyst conference on Jun. 28 in Las Vegas, according to its website.
“We believe the focus of the event will be on Cisco’s continued transition towards a recurring software based model, as well as more executive discussion around Cisco’s recently revealed Intent-based networking model,” analyst Kulbinder Garcha wrote in a note to clients Thursday. “We will look for any additional disclosures and guidance related to software and subscription revenues long term.”
Source: Tech CNBC
Buy Cisco into its big analyst day next week, Credit Suisse says