智通财经APP获悉，周四，电子设计自动化与IP供应商新思科技(SNPS.US)公布的第四财季业绩及2026 财年展望显示业务趋于稳定，获得多家华尔街机构积极评价及上调目标价。 富国银行则维持"中性"评级，但仍将目标价从445美元上调至500美元。分析师Joe Quatrochi与Travis Poulin认为，公司对2026财年的初步指引"喜忧参半"，Ansys收入预计29亿美元，高于其预期，但意味着 EDA增长可能低于此前设想。他们估计2026财年核心EDA增长为7%至8%，低于此前预测的8.5%，也低 于市场约10%的预期。同时，IP收入仍将维持疲弱。富国银行表示将继续关注公司关键增长驱动，包括 Ansys协同解决方案、Agentic AI发展，以及中国业务基数效应改善为整体增长带来的潜在提速。 Needham亦维持"买入"评级，将目标价从550美元上调至580美元。分析师Charles Shi与Denis Pyatchanin 指出，公司对2026财年第一季度的指引略低于市场预期，但对于财年末发布业绩的公司来说，"来年的 指引才是投资者关注的核心"。他们认为市场先前预期公司在完成大型并购后会给出较为艰难 ...

人工智能市场已达到一种狂热的程度，许多分析师将其与互联网时代相提并论。如今基础设施的赢家不 再是思科，而是英伟达(NVDA.O)，其AI芯片是模型开发的核心，并且被其他所有正在建设AI数据中心 的主要科技公司所依赖。英伟达的市值高达4.5万亿美元，大约是思科当前市值的14倍。 虽然市场低迷淘汰了许多互联网宠儿，但思科在剧变中幸存下来。它最终开始增长和扩张，通过一系列 收购实现业务多元化，例如在2006年收购机顶盒制造商Scientific-Atlanta，随后又收购了包括Webex、 AppDynamics、Duo和Splunk在内的软件公司。 随着周三的上涨，思科的市值达到3170亿美元，但这仅使其成为美国第13大最高市值的科技公司。近年 来，该股的表现远远落后于科技巨头，而这些巨头一直是围绕人工智能的新热潮的中心。 在2000年初，很少有公司像思科(CSCO.O)那样炙手可热，其网络设备是当时互联网繁荣的支柱。 周三，思科的股价首次超过了其在互联网泡沫时期的峰值。该股上涨近1%，收于80.25美元，突破了此 前于2000年3月27日创下的、经拆股调整后的历史纪录80.06美元。也正是在当年的同一天，思科超 ...

新思科技(SNPS.US)盘前涨1.4%，报482.5美元。消息面上，新思科技公布2025财年Q4业绩，销售额为 22.5亿美元，同比增长38%，超过分析师预期22.4亿美元；调整后每股收益2.9美元，亦超过预期的2.78 美元。期内设计自动化业务收入同比增长65%，占总销售额的82%，主要得益于收购Ansys带来的非有 机增长推动。公司预计2026财年调整后每股收益将介于14.32至14.4美元之间，超过分析师预期的13.96 美元。(格隆汇) ...

Core Viewpoint - Cisco (CSCO.US) has returned to its historical high after a quarter of a century, driven by the surge in artificial intelligence (AI) spending [1][5]. Group 1: Stock Performance - Cisco's stock rose 0.9% to $80.25, surpassing a peak that had been maintained for over 25 years [1]. - The stock's previous high was seen as the peak of the internet bubble in March 2000, which was a significant milestone for tech stocks [1][4]. - The recent increase in Cisco's stock is part of a broader rise in the U.S. stock market following the Federal Reserve's third consecutive interest rate cut, with the S&P 500 and Nasdaq 100 also experiencing gains [1]. Group 2: Historical Context - Before the record in 2000, Cisco's stock price surged nearly 600% over two years, leading to a market capitalization exceeding $500 billion [4]. - Following the burst of the internet bubble, Cisco's market value plummeted by approximately 90%, reaching a low of around $60 billion by the end of 2002 [4]. Group 3: Current Market Sentiment - Since the low point, Cisco's stock has increased by over 800%, although its market capitalization remains more than 40% lower than its peak during the internet bubble [5]. - The recent stock recovery is viewed as a sign of returning investor confidence, although Cisco is now perceived more as a utility company rather than an innovator [5]. - The latest boost in Cisco's stock is attributed to strong revenue forecasts, which have fueled optimism regarding potential growth from AI spending in the coming years [5][6]. Group 4: Financial Outlook - Cisco anticipates sales could reach up to $61 billion for the current fiscal year, exceeding Wall Street expectations by approximately $1 billion [6]. - UBS analyst David Vogt upgraded Cisco's stock rating to "buy" based on the expected demand for AI infrastructure products [6].

Core Insights - Synopsys reported Q4 revenue of $2.26 billion, a 38% year-over-year increase, exceeding expectations of $2.24 billion [1] - Adjusted EPS for Q4 was $2.90, slightly above the market expectation of $2.88 [1] - The company anticipates FY2026 revenue between $9.56 billion and $9.66 billion, aligning with analyst expectations of $9.63 billion [1] Financial Performance - Q4 revenue breakdown: Design Automation contributed $1.85 billion, and Design IP contributed $407 million [1] - Adjusted operating profit grew 36% year-over-year to $822.6 million, surpassing the expected $803 million [1] - FY2025 revenue reached a record $7.1 billion, a 15% increase from FY2024's $6.1 billion [1] Future Outlook - The company expects Q1 revenue between $2.37 billion and $2.42 billion, above the analyst forecast of $2.36 billion [1] - Adjusted EPS for Q1 is projected between $3.52 and $3.58, exceeding the expected $3.46 [1] - Synopsys has a backlog of $11.4 billion, indicating strong future revenue potential [1] Strategic Developments - NVIDIA invested $2 billion in Synopsys to co-develop tools for product development [2] - Synopsys plans to lay off about 10% of its workforce to reinvest in AI-driven design and system-level solutions [2] - The acquisition of Ansys contributed $667.7 million to Q4 revenue, enhancing Synopsys's capabilities [2] Market Position - Synopsys competes in the electronic design automation market against Cadence Design Systems and Siemens [2] - The market is expected to grow as chip manufacturers develop AI and high-performance computing processors [2] - Mizuho Securities described Synopsys's Q4 performance as "better than expected," highlighting strong backlog as a positive indicator for future performance [3]

每经AI快讯，12月11日，新思科技公布财报显示，第四财季营收22.6亿美元，同比增长38%。预计2026 财年营收95.6亿-96.6亿美元，分析师预期96.3亿美元。新思科技美股盘后涨6%。 ...

本文源自：金融界AI电报 思科(CSCO.O)股价上涨0.9%，创下自2000年3月以来的首次新高。 ...

Rosenblatt将新思科技的目标价从605美元下调至560美元，评级则从"中性"上调至"买入"。(格隆汇) ...

美银证券将新思科技的目标价从525美元下调至500美元，评级则从"跑输大市"上调至"中性"。(格隆汇) ...

Core Viewpoint - The report summarizes significant rating changes from Wall Street that are expected to impact the market, highlighting both upgrades and downgrades across various companies and sectors [1][6]. Upgrades - Synopsys (SNPS): Rosenblatt Securities upgraded the rating from "Neutral" to "Buy," lowering the target price from $605 to $560, anticipating that Q4 results will meet market expectations after a disappointing Q3 [5]. - Eaton Corporation (ETN): Wolfe Research upgraded the rating from "In-Line" to "Outperform," setting a target price of $413, expecting benefits from electrical business orders and easing cyclical factors in 2026 [5]. - Colgate-Palmolive (CL): Royal Bank of Canada upgraded the rating from "Sector Perform" to "Outperform," maintaining a target price of $88, noting that earnings expectations are at a reasonable low despite challenges in 2026 [5]. - RPM International (RPM): Royal Bank of Canada upgraded the rating from "Sector Perform" to "Outperform," raising the target price from $121 to $132, indicating that the stock price has "bottomed out" [5]. - Viking Holdings (VIK): Goldman Sachs upgraded the rating from "Neutral" to "Buy," increasing the target price from $66 to $78, citing the company's unique geographic business layout and high-income customer focus [5]. Downgrades - Warner Bros. Discovery (WBD): Harbor Research downgraded the rating from "Buy" to "Neutral" without providing a target price, following a hostile takeover bid from Paramount [5]. - Norwegian Cruise Line (NCLH): Goldman Sachs downgraded the rating from "Buy" to "Neutral," lowering the target price from $23 to $21, citing an unfavorable risk-reward ratio due to market conditions in the Caribbean [5]. - Confluent (CFLT): Royal Bank of Canada downgraded the rating from "Outperform" to "Sector Perform," raising the target price from $30 to $31, following an acquisition agreement with IBM at $31 per share [5]. - SLM Corporation (SLM): Compass Point downgraded the rating from "Buy" to "Sell," reducing the target price from $35 to $23, after revealing updated mid-term outlooks at an investor forum [5]. - Viavi Solutions (VRT): Wolfe Research downgraded the rating from "Outperform" to "In-Line," citing valuation issues as the stock price has increased 14 times since the last upgrade [5]. Initiations - Micron Technology (MU): HSBC initiated coverage with a "Buy" rating and a target price of $330, identifying the company as a core beneficiary of the storage chip supercycle [9]. - United Airlines (UAL): Montreal Bank Capital Markets initiated coverage with an "Outperform" rating and a target price of $125, noting improvements in the industry environment and recovery in business travel [12]. - Thermo Fisher Scientific (TMO): Goldman Sachs initiated coverage with a "Buy" rating and a target price of $685, expecting the market for life science tools to return to historical growth rates [12]. - Affirm (AFRM): Wolfe Research initiated coverage with a "Sector Perform" rating, setting a fair value range of $72-$82 for the end of 2026 [10]. - Urban Outfitters (URBN): Goldman Sachs initiated coverage with a "Neutral" rating and a target price of $83, acknowledging market positioning but cautioning against high valuation risks [10].