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Morgan Stanley Cuts Cisco to Equal-Weight Ahead of Nov. 12 Earnings

Cisco shares were 2.9% lower in premarket trading on Nov. 5, seven days before the scheduled earnings release.

By Enna Lee
Published
An Ethernet switch sits beside a brass scale and blank calendar / TokenPost.ai
An Ethernet switch sits beside a brass scale and blank calendar / TokenPost.ai

Morgan Stanley lowered Cisco's rating to Equal-Weight from Overweight on Nov. 5, citing growing concerns ahead of the networking company's scheduled Nov. 12 earnings release.

Cisco shares were 2.9% lower before regular trading began Nov. 5.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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