The Zacks Analyst Blog Highlights Cisco, Stryker, Enbridge, Suncor and Splunk
For Immediate Release
Chicago, IL – October 25, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cisco Systems, Inc. CSCO, Stryker Corp. SYK, Enbridge Inc. ENB, Suncor Energy Inc. SU and Splunk Inc. SPLK.
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Cisco, Stryker and Enbridge
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Cisco Systems, Inc., Stryker Corp. and Enbridge Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Shares of Cisco Systems have outperformed the Zacks Computer - Networking industry over the past year (+21.3% vs. +20.5%). The company is riding on growing demand for its security, artificial intelligence and cloud products. Its security portfolio is benefiting from the launch of new data loss prevention, firewall and Zero Trust capabilities.
Its Zero Trust portfolio is riding on strong demand for its Duo offering. Optimized application experience is benefiting from strong demand for ThousandEyes. Its investments across the security segment, focusing on cloud-based and AI-driven business, is expected to drive growth.
Expanding growth opportunities for low-power-consuming technologies, including IoT, Silicon One and Power Over Ethernet, bodes well for Cisco. Acquisitions including Lightspin Technologies, Smartlook and Armorblox are expected to benefit top-line growth.
(You can read the full research report on Cisco Systems here >>>)
Stryker’s shares have outperformed the Zacks Medical - Products industry over the year-to-date period (+8.7% vs. -11.0%). The company witnessed strong performance across its segments in the U.S. Strong International sales also buoy optimism.
The momentum is expected to continue into the second half of 2023 on the back of ongoing procedural recovery and a strong order book for capital equipment. Stryker’s prospects in 2023 seem promising on the back of strong customer demand for its existing products as well as new launches. The company’s guidance for earnings and revenues appears encouraging. A solid solvency position is a plus.
However, inflationary pressure and supply-chain challenges continue to hamper Stryker. Stiff competition in the MedTech space remains. Contraction in both gross and operating margin is a concern.
(You can read the full research report on Stryker here >>>)
Shares of Enbridge have underperformed the Zacks Oil and Gas - Production and Pipelines industry over the past year (-9.9% vs. +6.2%). The company’s significant debt exposure is concerning. Also, increasing gas distribution costs coupled with rising operating costs is hurting the company's bottom line. As such, the stock warrants a cautious stance.
Nevertheless, Enbridge has the longest oil and liquid pipeline system in the world, which spreads across 17,809 miles. Hence, a significant portion of the midstream operator’s earnings is generated from transportation operations, driven by a string of long-term contracts.
Moreover, winter gas requirements will boost the company’s gas transmission business in the first and fourth quarter of each year. Enbridge has a strong commitment toward returning capital to shareholders.
(You can read the full research report on Enbridge here >>>)
Other noteworthy reports we are featuring today include Suncor Energy Inc. and Splunk Inc.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Stryker Corporation (SYK) : Free Stock Analysis Report
Suncor Energy Inc. (SU) : Free Stock Analysis Report
Enbridge Inc (ENB) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
