Cisco shares to soar on its subscription sales opportunity: JP Morgan

Cisco shares to soar on its subscription sales opportunity: JP Morgan

6 years ago
Anonymous $roN-uuAfLt

https://www.cnbc.com/2018/06/11/cisco-shares-to-soar-on-its-subscription-sales-opportunity-jp-morgan.html

Cisco shares will thrive due to its pivot to a more recurring revenue business model, according to one top Wall Street firm.

J.P. Morgan reiterated its overweight rating for Cisco's stock, predicting the company's recently announced mandatory subscription offering for networking switches will boost its profits.