Drexel Hamilton analyst, Brian White, reiterated his Buy rating on shares of Cisco (NASDAQ: CSCO) ahead of the earnings report on 8/17. The analyst believes Cisco's stock has an upward bias, especially given its 3.3% dividend yield, attractive valuation (10x ex-cash; 2017), margin execution story and expanding market reach with higher levels of software.

No change to the price target of $36.

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Shares of Cisco closed at $31.19 yesterday.