Cricut downgraded at Citi as Citi prefers AI networking stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2025
0mins
Should l Buy CSCO?
Source: SeekingAlpha
Cricut Downgrade: Citi downgraded Cricut to Sell, favoring AI-focused stocks in the communications equipment sector, while adjusting their forecasts for data center and PC demand due to anticipated macroeconomic challenges.
Top Picks: Alongside the downgrade, Citi identified Cisco, Amphenol, and Coherent as preferred investments within the communications equipment and hardware space.
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Analyst Views on CSCO
Wall Street analysts forecast CSCO stock price to rise
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 75.000
Low
76.00
Averages
91.30
High
100.00
Current: 75.000
Low
76.00
Averages
91.30
High
100.00
About CSCO
Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. The Company is integrating its product portfolios across networking, security, collaboration, applications and cloud. The Company's segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its Networking product category represents its core networking technologies of switching, routing, wireless, fifth generation (5G), silicon, optics solutions and compute products. Its Security product category consists of its cloud and application security, industrial security, network security, and user and device security offerings. Its Collaboration product category consists of its meetings, collaboration devices, calling, contact center and platform as a service (CPaaS) offering. Its Observability product category consists of its full stack observability offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Semiconductor Market Growth: Applied Materials anticipates that investments in AI infrastructure will drive over 20% growth in its semiconductor equipment business in 2026, demonstrating the substantial impact of AI on industry revenues.
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- AI Panic Trade: The launch of a new freight efficiency platform by an AI firm has spooked markets, leading to sharp declines in traditionally resilient trucking and logistics stocks, as fears grow over the vulnerability of labor-intensive business models to automation.
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