Cisco +1.6% on Deutsche upgrade to Buy

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Talks at last week's Cisco Live conference with management and IT product buyers/distributors leaves Deutsche confident about a "stronger than anticipated [multi-quarter] ramp for Cisco's new switching, routing, security, wireless, and Cloud IT Services solutions."

The products in question include Cisco's (CSCO) Nexus 9000/ACI switching/SDN platform, its CRS-X and NCS core routers, Meraki's Wi-Fi hardware/management software, and SourceFire's security hardware.

Deutsche's PT has been upped to $30. A long line of firms hiked their PTs two weeks ago following Cisco's FQ3 beat and better-than-expected FQ4 guidance.

Deutsche had downgraded Cisco to Neutral in November (following weak FQ2 guidance), when shares were at ~$21.