Cisco (CSCO) Shares Near 52-Wk. High on Positive Analyst Comments

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					Robert DeFrancesco’s
TechStockProspector.com
January 14, 2013


Cisco (CSCO) Shares Near 52-Week High on Positive
Analyst Comments
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Robert W. Baird today upgrades Cisco Systems (CSCO, $20.81) to ‘Outperform’ and
raises its price target to $25 from $21, saying channel checks indicate the company
is executing well in a challenging macro environment. The firm thinks Cisco has
emerged stronger after the recent restructuring, with less gross margin downside
going forward than it experienced in recent years.

Also today, William Blair upgrades Cisco to ‘Outperform,’ saying the company is
leaner and more focused after restructuring the cost side. The firm says its checks
show Cisco’s datacenter portfolio is experiencing strong momentum and that
current competition in switching is actually subsiding.

UBS lifts its Cisco price target to $23.50 from $22 based on management having
refocused the business to grow return on equity (ROE).

Analysts are quite happy with Cisco’s new emphasis on cost controls. Of course, the
top line will need to show improvement in the near term for the stock price to see
more upside from here.

Cisco shares have rebounded sharply from the 52-week low of $14.96 and are
approaching the 52-week high of $21.30.

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Description: Cisco shares approach 52-week high of $21.30