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“In the context of the considerable headwinds Cisco (NASDAQ:CSCO) currently faces, the results this quarter were quite solid,” writes BMO (Outperform) following Cisco’s FQ1 report. Citi (Sell): “We continue to believe Cisco remains a flat to low single digit grower with little upside to op margin. We therefore believe the current 12x P/E more than compensates for the 3% dividend, yet slowing buyback.
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