Cisco Systems "outperform"

09.03.06 - RBC Capital Markets

NEW YORK, March 9 (newratings.com) - Analyst Mark Sue of RBC Capital Markets maintains his "outperform" rating on Cisco Systems Inc (CSCO). The target price is set to $23.

In a research note published yesterday, the analyst mentions that the company has agreed to acquire SyPixx Networks, a provider of network-centric video surveillance software and hardware, for $51 million in cash and options. The acquisition positions Cisco Systems to benefit from the shift in the video surveillance market from analog to IP, the analyst adds.