Avery Schumer
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Avery Schumer in Sector Report,

Corning, Cisco Among Top Names In Tech Hardware

Argus outlined several names in the technology hardware group considered best ideas among Argus analysts.

Three of those were:

  • Corning Inc  - With a price target of $30 on shares, Argus liked Corning's execution across all its business units, and saw the new generation of Gorilla Glass as a positive as the glass display business continues to grow.
  • Cisco Systems, Inc  - Reporting quarterly results soon under new CEO Chuck Robbins, Argus said Cisco has shown willingness to move quickly, resulting in a transformation from small revenue growth to substantial EPS growth year-over-year.
  • Accenture plc  - Argus said Accenture has shown again and again it can grow bookings, and that sales growth has ramped up recently.