Latest news with #PierreFerragu
Bloomberg
7 days ago
- Business
- Bloomberg
Bloomberg Surveillance TV: July 16th, 2025
- David Malpass, former President at the World Bank - Devin Ryan, Managing Director at Citizens JMP Securities - Pierre Ferragu, Head: Global Technology at New Street Research - Kara Murphy, CIO at Kestra Investment Management David Malpass, former President at the World Bank, joins to discuss President Trump's economic and political priorities both domestically and abroad. Devin Ryan, Managing Director at Citizens JMP Securities, reacts to bank earnings. Pierre Ferragu, Head: Global Technology at New Street Research, talks about Nvidia's valuation after the latest move by the Trump administration on chip trade curbs and also talks about the broader outlook for big tech. Kara Murphy, CIO at Kestra Investment Management, offers her equity outlook for the second half of 2025.
Yahoo
21-05-2025
- Business
- Yahoo
New Street Downgrades Cisco Systems (CSCO) to Neutral, Cuts PT
On May 16, New Street analyst Pierre Ferragu downgraded the rating on Cisco Systems, Inc. (NASDAQ:CSCO) from Buy to Neutral, lowering the price target from $75 to $70. Ferragu mentioned that Cisco's gross margin has taken a hit, with a slight decline in the April 2025 quarter. The analyst added that the gross margins had declined by 10 basis points quarter-over-quarter in April 2025. The analyst expects a further drop of 60 basis points in the July 2025 quarter, impacted by tariffs. The analyst believes that the margin expansion should resume eventually, however, the current valuation metrics reflect a risk with limited upside potential. Ken Wolter / On the contrary, Wells Fargo analyst Aaron Rakers upgraded the rating on CSCO from Equal Weight to Overweight on May 15, increasing the price target from $72 to $75. Rakers has made an upgrade following the strong quarterly performance driven by AI. The analyst highlighted Cisco's rising AI momentum to be a key factor for the company's growth. During the third quarter of FY2025, Cisco Systems, Inc. (NASDAQ:CSCO) received AI infrastructure orders worth more than $600 million, driven by web-scale customers. The total orders from AI are now over $1 billion for the nine months of FY2025. Cisco has gained momentum from a boom in data center investment as the demand for generative AI continues to soar. Cisco, along with other U.S. tech giants, will be supporting the recently announced "UAE Stargate" AI data center project. With AI-driven investments, Cisco Systems now expects to end FY2025 with total revenue between $56.5 billion and $56.7 billion, compared to its previous projection of $56 billion to $56.5 billion. Rakers sees strong AI momentum as a continuation for CSCO. Cisco Systems, Inc. (NASDAQ:CSCO) is one of the leading companies that designs and sells technologies that power the internet. With its industry-leading AI-powered solutions and services, the company allows its customers and partners to enhance productivity, unlock innovation, and strengthen digital resilience. While we acknowledge the potential of CSCO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSCO and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
New Street Downgrades Cisco Systems (CSCO) to Neutral, Cuts PT
On May 16, New Street analyst Pierre Ferragu downgraded the rating on Cisco Systems, Inc. (NASDAQ:CSCO) from Buy to Neutral, lowering the price target from $75 to $70. Ferragu mentioned that Cisco's gross margin has taken a hit, with a slight decline in the April 2025 quarter. The analyst added that the gross margins had declined by 10 basis points quarter-over-quarter in April 2025. The analyst expects a further drop of 60 basis points in the July 2025 quarter, impacted by tariffs. The analyst believes that the margin expansion should resume eventually, however, the current valuation metrics reflect a risk with limited upside potential. Ken Wolter / On the contrary, Wells Fargo analyst Aaron Rakers upgraded the rating on CSCO from Equal Weight to Overweight on May 15, increasing the price target from $72 to $75. Rakers has made an upgrade following the strong quarterly performance driven by AI. The analyst highlighted Cisco's rising AI momentum to be a key factor for the company's growth. During the third quarter of FY2025, Cisco Systems, Inc. (NASDAQ:CSCO) received AI infrastructure orders worth more than $600 million, driven by web-scale customers. The total orders from AI are now over $1 billion for the nine months of FY2025. Cisco has gained momentum from a boom in data center investment as the demand for generative AI continues to soar. Cisco, along with other U.S. tech giants, will be supporting the recently announced "UAE Stargate" AI data center project. With AI-driven investments, Cisco Systems now expects to end FY2025 with total revenue between $56.5 billion and $56.7 billion, compared to its previous projection of $56 billion to $56.5 billion. Rakers sees strong AI momentum as a continuation for CSCO. Cisco Systems, Inc. (NASDAQ:CSCO) is one of the leading companies that designs and sells technologies that power the internet. With its industry-leading AI-powered solutions and services, the company allows its customers and partners to enhance productivity, unlock innovation, and strengthen digital resilience. While we acknowledge the potential of CSCO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSCO and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-04-2025
- Automotive
- Yahoo
New Street's Ferragu Still Bullish on Tesla
New Street Research Global Team Head of Tech Infrastructure Pierre Ferragu is still bullish on Tesla even after it reported a 13% drop in vehicle sales. He says Tesla's Robotaxi still has plenty of potential. He's on "Bloomberg Open Interest." Sign in to access your portfolio
Bloomberg
29-01-2025
- Business
- Bloomberg
What To Expect From Tesla's Earnings
Bloomberg Surveillance TV Shows Tesla shares are up almost 90% since its last earnings report. Excitement is building to see what Elon Musk reports after the bell today. Pierre Ferragu of New Street Research just upgraded the stock to a buy and raised his price target to $460 from $240. He's on "Bloomberg Surveillance." (Source: Bloomberg)
