Cisco Systems "outperform," target price raised

06.09.07 - Robert W. Baird

NEW YORK, September 6 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Cisco Systems Inc (CSCO). The target price has been raised from $36 to $38.

In a research note published this morning, the analysts mention that the company remains upbeat about its product portfolio, its ability to gain market share in the forthcoming few years and the current trends. Cisco Systems has maintained its F1Q guidance, demonstrating its high levels of confidence and improved visibility. The company is witnessing several macro growth opportunities in the large market segments, including data centre, Video, UC and next-generation enterprise infrastructure, Robert W Baird adds.