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Cisco Stock: Outlook Amid $28B Splunk Deal (Rating Downgrade)

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Cisco Stock: Outlook Amid $28B Splunk Deal (Rating Downgrade)

Hannover Messe Industrial Trade Fair 2023

I move my rating on Cisco Systems, Inc. (NASDAQ:CSCO) from buy to hold following its most recent financial results and the recently announced intent to acquire cybersecurity and observability company Splunk Inc. (SPLK