BWG Global Downgrades Cisco Systems (CSCO), Cites Checks

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the best low volatility stocks to invest in right now. On April 23, Cisco Systems, Inc. (NASDAQ:CSCO) was downgraded to Mixed from Positive by BWG Global, with it citing checks for the view update. The rating update came the same day Cisco Systems, Inc. (NASDAQ:CSCO) announced the Cisco Universal Quantum Switch, which marks a notable milestone in quantum networking. The company said that it is the latest proof point in the company’s accelerating full-stack quantum networking program as a working research prototype.

Vijoy Pandey, SVP/GM of Outshift, Cisco’s (NASDAQ:CSCO) Emerging Technologies and Incubation Group, stated that the milestone stands as a “testament” to quantum networking’s transformative potential. Pandey added that the company has long recognised connecting quantum systems as the key to attaining true scalability, and has now taken a critical step to turn the vision into reality. In a separate development, JPMorgan lifted the price target on Cisco Systems, Inc. (NASDAQ:CSCO) to $96 from $95 while maintaining an Overweight rating on the shares.

Cisco Systems, Inc. (NASDAQ:CSCO) is involved in the manufacture, design, and sale of Internet Protocol-based networking products and services associated with the communications and IT industry. The company’s operations are divided into the following geographical segments: the Americas, EMEA, and APJC, and its products include the following categories: Secure, Agile Networks, Internet for the Future, Collaboration, End-to-End Security, Optimized Application Experiences, and Other Products.

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