Cisco Systems "outperform"

17.07.06 - RBC Capital Markets

NEW YORK, July 17 (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 this morning, the analyst mentions that recent channel checks indicate that the company is tracking in-line with the higher end of its guidance range for the current quarter. Cisco Systems? router sales and the North American enterprise trends may continue to beat expectations, the analyst says. The company is likely to be regaining share in the router market on the back of CRS-1, RBC Capital Markets adds.