Cisco Systems "outperform"

28.03.06 - RBC Capital Markets

NEW YORK, March 28 (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 Scientific Altana is likely to contribute $350 million to Cisco Systems' revenues in the current quarter. The trends at Cisco Systems' carrier segment are expected to improve in 2H06, with the company?s increased participation in RFPs for IPTV and triple play, the analyst adds.