Cisco Systems "outperform," target price raised

30.08.06 - RBC Capital Markets

NEW YORK, August 30 (newratings.com) - Analyst Mark Sue of RBC Capital Markets reiterates his "outperform" rating on Cisco Systems Inc (CSCO). The target price has been raised from $23 to $24.

In a research note published yesterday, the analyst mentions that the company has made a robust start to its October quarter and is on track to achieving the high end of its sales guidance. Cisco Systems is likely to be witnessing market share gains in the router segment, the analyst says. The company?s anticipated robust performance appears to be sustainable going forward, RBC Capital Markets adds.