The company’s price target was also raised by $27 from $23 by Cisco Systems, Pacific Crest analyst Brent Bracelin this morning.
He further states that he sees signs of a rebound among Cisco’s enterprise customer base from his checks with resellers. Bracelin expects Cisco to meet or beat expectations for its Q4 of $8.5 billion and 28 cents.
About Cisco
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products relating to the communications and information technology industry worldwide. The company offers routers that interconnect IP networks and moving information between networks; switching systems, which provide connectivity to end users, workstations, and servers; application networking solutions; home networking products, such as voice and data modems, network cards, media adapters, Internet video cameras, network storage, and USB adapters; and Cisco security solutions to protect information systems.
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