Cisco (CSCO +2.2%) rallies on an upgrade to Outperform from BMO's Tim Long, who thinks the...


Cisco (CSCO +2.2%) rallies on an upgrade to Outperform from BMO's Tim Long, who thinks the strength of the company's data center offerings will drive growth. Long adds new Cisco switches have "stymied competitors" such as JNPR and HPQ, and the company is gaining share in the lucrative core router market. The data center networking market has seen healthy growth in recent quarters, as the adoption of cloud services and virtualization help drive demand for costlier 10G equipment.

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