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Raymond James and Citi have issued bullish notes on Cisco (CSCO) ahead of Wednesday's FQ2...

Raymond James and Citi have issued bullish notes on Cisco (CSCO) ahead of Wednesday's FQ2 report: both see Cisco meeting FQ2 estimates and possibly issuing favorable FQ3 guidance. RJ says its checks suggest "a stabilizing environment," and is pleased with Cisco's growing focus on software. The comments shortly follow a major update to Cisco's ONE software-defined networking platform, replete with a new controller on top of which Cisco apps can be deployed. A software platform for connecting public and private clouds was also announced.
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