Markets & Finance

Goldman Sachs Raises Cisco Systems to 'Outperform'


Goldman Sachs upgraded Cisco Systems (CSCO) to outperform.

Analyst Thompson Brantley expects the Street estimates will move higher. He raised his fiscal year 2005 (July) EPS estimate to 84 cents, and believes the stock's fair value is $23 to $24. He notes key near term factors include: 1) CEO comments that August was tracking ahead of plan, 2) evidence of seasonally strong government spending materializing, 3) channel comments suggest small business networks demand remains healthy.

Longer term, the combination of broad enterprise hardware and software trends plus improving economic indicators support the view that renewed demand for networking equipment will broaden over the next 18 to 24 months, he says.


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus