Cisco Systems "buy," price objective raised - update

22.03.06 - A.G. Edwards & Sons

NEW YORK, March 22 (newratings.com) - Analysts at AG Edwards maintain their "buy" rating on Cisco Systems Inc (CSCO). The 12-18 month target price has been raised from $22 to $25.

In a research note published this morning, the analysts mention that the company is likely to benefit in 2006 from favourable spending trends in the enterprise networking segment. The recent SFA acquisition and IPTV deployments are expected to offer additional growth opportunities for Cisco Systems going ahead, the analysts add.