Cisco Systems "outperform," target price reduced

08.11.07 - RBC Capital Markets

NEW YORK, November 8 (newratings.com) ? Analyst Mark Sue of RBC Capital Markets maintains his "outperform" rating on Cisco Systems, Inc (CSCO). The target price has been reduced from $35 to $33.

In a research note published this morning, the analyst mentions that the company has been witnessing a decline in orders from some of its enterprise customers. Although Cisco Systems has a diversified product, customer and geographical base, the impact on the outlook for the company remains negligible, the analyst says. Near-term concerns surrounding the company?s North American operations are being offset by the growth in the international markets, RBC Capital Markets adds.