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ePlus Achieves Five New Cisco Powered Service Designations

HERNDON, Va., Aug. 9, 2023 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has successfully passed five new Cisco Powered Service audits, validating its ability to provide targeted expertise around multiple managed service offerings. With this achievement, ePlus adds the following Cisco Powered Service designations:

The audits validate ePlus' demonstrated capabilities to deliver Cisco Powered services, including service provisioning, change management, proactive monitoring, remote troubleshooting, operation of a Network Operations Center (NOC), and integration of service-level agreements with the end customer. ePlus adds these five Cisco Powered Service designations to its existing designations in Cloud Managed Security, Managed Business Communications, and Managed Security.

"We are delighted to pass these simultaneous Cisco audits, joining a very selective group of only six Cisco partners (out of 41K+ partners worldwide) who hold this number of Cisco Powered service designations," said Wayne St. Jacques, vice president of managed services at ePlus. "Achieving these Cisco Powered service designations validates that ePlus has the expertise to pass rigorous audit standards, illustrating Cisco's trust in our technical talent and reputable skillset to deliver high-quality managed services and streamline our customers' digital buying experience. We look forward to continuing to empower our customers to reduce complexity, embrace a strategic IT role to drive business forward, and better anticipate future needs as they harness the acceleration of XaaS solutions."

About ePlus Managed Services

ePlus Managed Services help enterprises proactively control their IT infrastructure and off-load a significant burden of day-to-day IT tasks to optimize operations and manage risk. ePlus has delivered Managed Services for more than 20 years to a wide range of customers across multiple industry verticals through its 24/7/365 Managed Services Centers, which hold multiple differentiating compliance attestations. These include the Payment Card Industry Data Security Standard (PCI DSS) as a Level 1 Service Provider of network monitoring and management services, as well as SSAE 18 (SOC 1 Type 2 and SOC 2 Type 2). Additionally, ePlus holds a HIPAA attestation for its cloud-based managed services and its MSC engineers receive Criminal Justice Information Services Level 4 awareness training. For more information about ePlus Managed Services, visit www.eplus.com/services/managed-services.

About ePlus inc.  

ePlus has an unwavering and relentless focus on leveraging technology to create inspired and transformative business outcomes for its customers. Offering a robust portfolio of solutions, as well as a broad range of consultative and managed services across the technology spectrum, ePlus has proudly achieved more than 30 years of success, carrying customers forward through adversity, rapidly changing environments, and other obstacles. ePlus is a trusted advisor, bringing expertise, credentials, talent and a thorough understanding of innovative technologies, spanning security, cloud, data center, networking, collaboration and emerging solutions, to organizations across all industry segments. With complete lifecycle management services and flexible payment solutions, ePlus' more than 1,850 associates are focused on cultivating positive customer experiences and are dedicated to their craft, harnessing new knowledge while applying decades of proven experience. ePlus is headquartered in Virginia, with locations in the United States, UK, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com.  Connect with ePlus on LinkedIn, Twitter, Facebook, and Instagram. 

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries.  The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners. 

Forward-Looking Statements

This press release contains information about management's view of ePlus' future expectations, plans and prospects that are not historical facts and may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties. Certain risks and uncertainties that may affect such "forward-looking statements" are detailed in our reports filed with the Securities and Exchange Commission, especially under the heading "Risk Factors." All information set forth in this press release is current as of the date of this release and ePlus expressly disclaims any duty or obligation to update this information, except as may be required by law.

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SOURCE ePlus inc.

Extreme Networks Leaps 8% As Q4 Earnings More Than Double

Here are Friday's biggest analyst calls: Amazon, Netflix, Nio, Coinbase, Apple, Chevron, BJ's, Carvana

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on shares of Apple. "Apple has underperformed the S & P by 6 pts after a below-expectations Sept Q guide. We remain OW into the iPhone launch as we estimate growth inflects higher in FY24 (driven by iPhone, Services & gross margins), w/ growing LTV [loan to value] a long-term upside driver." JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on Netflix shares. "Our positive view on NFLX hasn't changed, but the areas of investor pushback we've heard most focus on: 1) Paid Sharing monetization & how/when it will lift ARM & revenue; 2) core subscriber growth & NFLX's future pricing power; & 3) the quality & trajectory of FCF in 2023 & 2024." Credit Suisse reiterates Walmart as outperform Credit Suisse said it's bullish heading into Walmart earnings next week. "We continue to believe WMT remains very well positioned for the current environment, as it continues to exhibit solid defensive characteristics, given its value driven consumables-oriented business in the wake of a volatile consumer backdrop and slowing but elevated inflationary headwinds on the consumer." Read more about this call here. Mizuho reiterates Coinbase as underperform Mizuho said retail crypto traders are flocking to Robinhood and away from Coinbase. "Did COIN retail traders continue to flock to Robinhood in July? After losing an estimated ~400bps of share to HOOD in 2Q, management commentary from both companies seems to point to further share shift from COIN to HOOD in July." Bank of America initiates Kura Oncology as buy Bank of America said it's very bullish on shares of the biotech company. "Kura is a clinical-stage biotech advancing targeted cancer treatments, including lead asset ziftomenib in late-stage development for certain forms of acute myeloid leukemia." Redburn reiterates Amazon as buy Redburn raised its price target on Amazon to $230 per share from $220 and said, "significant catalysts [are] ahead." "We anticipate notable earnings upgrades for both AWS and retail, with enhanced FCF conversion driving the further rerating, pushing shares towards our revised target price of $230." Read more about this call here. Morgan Stanley upgrades DigitalOcean to equal weight from underweight Morgan Stanley said in its upgrade of the software company that its thesis on DigitalOcean has largely played out. "Our Underweight thesis largely played out and mgmt's lower outlook for FY23 rev & lower future FCF margins represents a key catalyst in the rear-view mirror." Citi opens a positive catalyst watch on Cisco Citi said it sees upside heading into earnings next week. "We are opening a positive catalyst watch and expect Cisco to outperform peers Arista and Juniper as strong Enterprise demand likely fuels upside to Jul-Q results. Cisco should benefit from its heavy Enterprise exposure where peers saw upside." Deutsche Bank reiterates Nio as buy Deutsche Bank raised its price target on the stock to $17 per share from $13 and said "new models [are] ramping quickly and sales efficiency [is] improving." "Motivated by a greater sense of urgency, NIO's operational execution has improved significantly in the past quarter with new models ramping quickly and sales efficiency improving." Morgan Stanley reiterates Carvana as underweight Morgan Stanley said the company still has "a lot to prove." "CVNA raised 3Q guide and detailed GPU gains. While there is room to be incrementally more positive, CVNA still has a lot to prove, in our view." Wells Fargo reiterates Chevron as overweight Wells Fargo said it's standing by its overweight rating on shares of Chevron. "Our Overweight rating reflects strong cash flow generation and yield and cash returns to shareholders amid relatively disciplined capex, a solid balance sheet and solid execution expected to continue." Wells Fargo reiterates BJ's as overweight Wells Fargo said it's standing by its overweight rating on shares of BJ's ahead of earnings later this month. "BJ seems poised to report a somewhat disappointing Q2 and modestly guide down the full year. While not ideal, it seems expected, due to macro factors, the multi-year story is still good, and valuation seems relatively attractive. Remain Overweight." JPMorgan reiterates Krispy Kreme as overweight JPMorgan said Krispy Kreme shares are too cheap to ignore. "Krispy Kreme stock has continued its pattern of stock volatility, being down ~14% on the day of 2Q23 earnings but still up ~20% YTD vs up 16% for SPX but down ~14% y/y vs up ~6% for the SPX, respectively." Stephens reiterates FedEx as overweight Stephens said it's standing by its overweight rating on the stock. "Despite the lack of tailwinds from the economy and underlying demand, we believe FedEx is in a strong position to see accelerating momentum across many parts of its business as its DRIVE cost out program takes hold, and it benefits from share gains and improved yields in both Ground and Freight." JPMorgan initiates Madison Square Garden Entertainment as overweight JPMorgan said in its initiation of the company that it's a "pure play live entertainment business at fair valuation." " MSGE' s concentration in arena sized shows also means there's likely to be greater variability in financial results than appreciated, while incremental competition from newly opened and renovated venues could check event growth relative to past rates." Wolfe downgrades Stanley Black & Decker to underperform from peer perform Wolfe said it sees a negative risk/reward for the stock. "In conjunction with our 2Q23 earnings wrap, we have downgraded SWK from PP to UP rating. If management can execute on $2bn cost plan, there is a path to > $7 EPS in 2025e. But this has to be viewed as a bull case scenario. On balance, we see R/R as tilting negative." Argus upgrades Twilio to buy from hold Argus said the company, which provides programmable communication tools for phone messaging, is an artificial intelligence beneficiary. "We see AI as a key accelerant for Twilio's business as clients seek to make their customer-communications tools more capable and more efficient."