Cisco Stock Sinks 5% After Piper Sandler Cuts Price Target On Growth Concerns
Analyst·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Cisco stock hit a record over the summer, but Piper Sandler analysts expressed concerns that growth is peaking in the industry.
The downgrade has led to a 5% decline in Cisco's stock as investors react to the potential slowdown in growth.
Cisco
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Cisco stock hit a record over the summer, but Piper Sandler analysts expressed concerns that growth is peaking in the industry.”
CNBC — Cisco stock sinks 5% after Piper Sandler cuts price target on growth concerns