AISeeking Alphaabout 4 hours ago
Cisco downgraded as AI rally fully priced in
1 min read
Cisco Systems shares surged 86% over the past year, driven by AI infrastructure demand and hyperscaler orders. The valuation multiple expanded from 18x to 28x forward earnings, erasing the margin of safety. The analyst downgraded CSCO to neutral, citing fair valuation and hardware-driven gross margin pressure.
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