Cisco Systems "neutral"

02.02.06 - Robert W. Baird

NEW YORK, February 2 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Cisco Systems Inc (CSCO). The target price is set to $20.

In a research note published this morning, the analysts mention that the company is scheduled to report its 2Q results on February 7. The analysts expect Cisco Systems to post its EPS in-line with and revenues marginally short of the consensus. Cisco Systems? impending acquisition of SFA, which is unlikely to close until F3Q, and revenue weakness are expected to act as an overhang on the company?s share price in the near term, Robert W Baird adds.