Cisco Systems Inc
CSCO: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$75.00 | Mbmy | Dbfkshfw |
Cisco: Maintain $56 Fair Value Estimate as the Acquisition of Splunk Is a Solid Move
We maintain our $56 fair value estimate for wide-moat Cisco Systems as the company announced an all-cash deal to acquire Splunk for $157 per share, or $28 billion in equity value. Cisco’s shares fell about 4% on the news, but we still view shares as fairly valued.