Cisco Systems "outperform"

12.04.06 - Robert W. Baird

NEW YORK, April 12 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Cisco Systems Inc (CSCO). The target price is set to $23.

In a research note published this morning, the analysts mention that the company has launched its ACE (application control engine) for the 6500 Ethernet Switch. Cisco Systems' ACE product is expected to significantly reduce the technology gap between the company and its peers going forward, the analysts say.