Cisco Systems "outperform," target price raised

03.09.09 - RBC Capital Markets

NEW YORK, September 3 (newratings.com) - Analysts at RBC Capital Markets maintain their "outperform" rating on Cisco Systems (CSCO). The target price has been raised from $25 to $27.

In a research note published this morning, the analysts mention that the company is taking steps to reclaim its lost market share, besides addressing fresh growth opportunities. Cisco Systems?s growth prospects are also expected to be driven by a recovery in the enterprise market, the analysts add. Besides expanding into newer verticals, the company is adjusting its channel programs to cater to the existing customer base, RBC Capital Markets points out.