MKM's Michael Genovese is upgrading Cisco (CSCO -0.9%) to Buy while providing more positive...

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

MKM's Michael Genovese is upgrading Cisco (CSCO -0.9%) to Buy while providing more positive reseller data (previous) about the company's enterprise and federal sales. The same resellers who reported slow August and early September orders for Cisco gear saw better demand in late September, Genovese writes - that leads him to think Cisco's Y/Y product order growth rose to 3%-5% from the July quarter's 2%. On the flip side, he believes (like others) that service provider demand remains weak.