Deutsche Bank Starts Cisco Systems (CSCO) at Buy
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After the close, Deutsche Bank initiated coverage on Cisco Systems, Inc. (Nasdaq: CSCO) with a Buy rating and $26 price target.
The firm expects Cisco to maintain its significant market share in its core product areas and also anticipates accelerating growth to be driven by customer upgrades as network traffic strains installed products. The firm also anticipate good uptake for the new initiatives around unified computing and video networking.
The firm's price target suggests 38% upside to today's close of $18.80.
The firm also started coverage on Juniper Networks (Nasdaq: JNPR) and F5 Networks (Nasdaq: FFIV) with Hold ratings and price targets of $22 and $37, respectively.
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