Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul>
<li>The company ranks very high in terms of capital allocation prudence and this is going to serve long-term shareholders well.</li>
<li>Cisco's stock appears conservatively priced given the company's strategic positioning and the ability to improve margins.</li>
<li>Cisco appears increasingly attractive as market liquidity conditions normalize, says analyst.</li>
</ul>


The company ranks very high in terms of capital allocation prudence and this is going to serve long-term shareholders well.
Cisco's stock appears conservatively priced given the company's strategic positioning and the ability to improve margins.
Cisco appears increasingly attractive as market liquidity conditions normalize, says analyst.


Cisco: It's The Opposite Of A Dot-Com Moment

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Cisco Systems delivered another strong quarter, exceeding the top and bottom line expectations of analysts.</li><li>The company saw consecutive double-digit growth in its customer markets' commercial and enterprise sectors, and the public sector performed better than usual.</li><li>We give Cisco Systems a 'Hold' rating with a revised target price.</li></ul>

Cisco Systems delivered another strong quarter, exceeding the top and bottom line expectations of analysts.The company saw consecutive double-digit growth in its customer markets' commercial and enterprise sectors, and the public sector performed better than usual.We give Cisco Systems a 'Hold' rating with a revised target price.

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<ul>
<li>Huge operating margin and FCF beat as PANW is maintaining efficiency with slower headcount growth and supply chain issues abating supporting gross margins. </li>
<li>Deal sizes continue to grow dramatically: $1M deals grew 20% YoY, and  transactions size grew nearly 60%. $5M+ deals grew 84% YoY and $10M+ deals grew 140%.</li>
<li>Prisma' Access' SASE product continues to be the catalyst driving 2.5x revenue lift vs. legacy firewalls.</li>
</ul>


Huge operating margin and FCF beat as PANW is maintaining efficiency with slower headcount growth and supply chain issues abating supporting gross margins. 
Deal sizes continue to grow dramatically: $1M deals grew 20% YoY, and  transactions size grew nearly 60%. $5M+ deals grew 84% YoY and $10M+ deals grew 140%.
Prisma' Access' SASE product continues to be the catalyst driving 2.5x revenue lift vs. legacy firewalls.


Palo Alto Networks: Even Better Than Crowdstrike?

Concise Playbook for the Week, Global Markets Playbook

Kevin George

Concise Playbook for the Week

Global Markets Playbook

I am an active trader in stocks, FX and commodities with over 15 years' market experience. I hold a master's degree in finance and have developed a strong skill base in technical analysis. 

Alongside technical setups I will provide earnings analysis, company valuation analysis and macroeconomic studies for the key market releases.

<ul>
<li>Splunk is stronger with Q3 earnings and guidance. The company is shadowed by takeover talk.</li>
<li>The company has a strong cloud market make it a buy. The firm is shadowing by takeover talks.</li>
<li>The firm has been in the news for more than two years.</li>
</ul>


Splunk is stronger with Q3 earnings and guidance. The company is shadowed by takeover talk.
The company has a strong cloud market make it a buy. The firm is shadowing by takeover talks.
The firm has been in the news for more than two years.


Splunk Is A Rare Tech Growth Opportunity For 2023

<ul><li>Cisco had a good start to fiscal 2023 and managed to deliver an all-around beat.</li><li>The management continued their shift to greater software and subscription-based recurring revenue, even as they proactively manage through a developing and complicated market environment.</li><li>Web-scale orders increased by double digits or more on a trailing 12-month basis for the ninth consecutive quarter.</li></ul>

Cisco had a good start to fiscal 2023 and managed to deliver an all-around beat.The management continued their shift to greater software and subscription-based recurring revenue, even as they proactively manage through a developing and complicated market environment.Web-scale orders increased by double digits or more on a trailing 12-month basis for the ninth consecutive quarter.

United States

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides products for transporting data, voice, and video within buildings, across campuses, and globally.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Cisco Systems (CSCO US)

Cisco: It's The Opposite Of A Dot-Com Moment

The company ranks very high in terms of capital allocation prudence and this is going to serve long-term shareholders well.

Vladimir Dimitrov, CFA

Cisco Systems Inc.: Major Drivers

Cisco Systems delivered another strong quarter, exceeding the top and bottom line expectations of analysts. The company saw consecutive...

Baptista Research

Palo Alto Networks: Even Better Than Crowdstrike?

PANW delivered a massive margin and FCF beat, and continued acceleration of its SASE business. With S&P inclusion on the horizon and 25x EV/FCF for...

Aaron Gabin

Splunk Is A Rare Tech Growth Opportunity For 2023

High valuations are now hard to attain, and a company needs to see real organic growth to shake off the bearish market sentiment.

Kevin George

Cisco Systems Inc: Major Drivers

Cisco had a good start to fiscal 2023 and managed to deliver an all-around beat. The management continued their shift to greater software and...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)