03:10 PM EDT, 05/15/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by $5 to $70, 17.4x our FY 26 (Jul.) EPS estimate, a slight premium to its three-year historical average P/E at 17.1x, reflecting our stronger growth outlook and recent positive results. We increase our FY 25 EPS estimate by $0.08 to $3.79 and raise FY 26's by $0.04 to $4.03. CSCO reported Apr-Q operating EPS of $0.96 vs. $0.88. CSCO delivered a strong beat and raise quarter, with 8% growth in Networking, a 54% increase in Security, and 24% growth in Observability. Management stated that headwinds from tariffs were more moderate than expected, given the pause in reciprocal tariffs and select product exemptions. In addition, the company stated that it did not see any pull forward in demand due to the tariffs and general uncertainty in the market, which we view as a strong positive given that was a major concern of our going into the earnings release.