Cisco Systems (NASDAQ: CSCO) is on the move with the
dynamism of its software, and cloud services business between companies and
networking support for customers. In a research report Monday, Brian Modoff, an
analyst at Deutsche Bank, said the company seems to be better than expected to
perform in various fields.
He said, some improvements are due to its 2012
acquisition of Meraki, who had helped the company with a cloud platform for
wireless, switching, security and mobile device management. Madoff raised his
price target to 32 from 30 per share and received a recommendation to buy
Cisco-values, which relative to a solid IBD strength ranking of 84th.
We see potential for more modest expansion during 2015
more like Cisco accelerates the transition from several of its portfolio
companies and networks of support services software and cloud-recurring income
wrote. Our medium-checking for the quarter Suggest channel settings for
better-than-expected quarterly in January driven mainly stronger than expected
US economic activity in the exchange data, security systems, Unified Computing,
Meraki and services.
Cisco Systems share was more than 1% in morning trading
today on the stock market, bearing more than 28 Cisco could also touched a
seven-year spending 28.59 on December 24.IT and Europe better than expected
says Modoff. We advise US companies, spending 3% -4% over the previous year and
Cisco share gains mode, advanced services, security, switching, and wireless is
expected wrote.
IT spending in Europe, the Middle East and Africa at
large enterprises and telecommunications company Level 1 supporting better than
expected; while emerging trend flat to slightly weaker (Japan and Latin America
China currency weakness, etc.).
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