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《大行》中金首予思科(CSCO.US)「跑贏行業」評級 目標價78美元
阿思達克 07-14 11:22
中金發表研究報告指,思科(CSCO.US)未來有望受惠於AI基礎設施建設及AI賦能,首予公司「跑贏行業」評級,目標價78美元。該行預計公司2025及26年的每股盈測分別為3.79和4.03美元。 該行表示,思科在非數據中心領域或其在各個細分應用場景經驗、客戶滲透率及良好的合作關係維持較高份額。儘管數據中心高速以太網交換機市場佔有率受到競爭取對手的挑戰,但未來份額可望保持穩定,因此判斷未來思科在交換設備龍頭地位可望持續。無線方面,Wi-Fi 7設備量產,認為思科或憑藉通訊協定累積、技術水準帶來的先發優勢,迎來一至兩年上行週期。 該行又預計思科今年的AI訂單預計將達到近20億美元,並在明年轉化為可觀收入。該行認為,思科在AI領域的持續創新或提升網路、雲端安全、視覺化等產品的智能化程度,增強軟硬體產品綜合競爭力,提升產品銷量,達到降本增效。
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