Cisco Systems "hold," estimates raised

09.05.07 - Stifel Nicolaus

NEW YORK, May 9 (newratings.com) - Analyst Sanjiv Wadhwani of Stifel Nicolaus & Company maintains his "hold" rating on Cisco Systems Inc (CSCO), while raising his estimates for the company.

In a research note published this morning, the analyst mentions that the company has posted its 3Q revenues and EPS ahead of the estimates. The performance of Cisco Systems? US enterprise segment is expected to improve in F4Q, the analyst says. The current valuation of Cisco Systems? stock adequately reflects the company?s more robust business momentum than that in the year-ago period, Stifel Nicolaus & Company adds. The EPS estimate for FY08 has been raised from $1.52 to $1.53.