Cisco Systems "outperform"

09.03.07 - RBC Capital Markets

NEW YORK, March 9 (newratings.com) - Analyst Mark Sue of RBC Capital Markets maintains his "outperform" rating on Cisco Systems Inc (CSCO). The target price is set to $32.

In a research note published yesterday, the analyst mentions that the trends across the majority of the company?s business segments are presently strengthening. Bookings in Cisco Systems? commercial and carrier segments continue to be robust, the analyst says. The company is benefiting from robust demand for the unified communications platform and the Call Manager, RBC Capital Markets adds.