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Cisco (CSCO -1.2%) follows tech lower after receiving a downgrade to Hold from Standpoint...

Cisco (CSCO -1.2%) follows tech lower after receiving a downgrade to Hold from Standpoint Research. The downgrade comes as Cisco updates its integrated services router (ISR) line to support application monitoring services. The update is another sign of Cisco's software/services push, and (as CRN observes) helps address the spread of apps arriving on corporate networks thanks to the BYOD trend and the adoption of cloud services. Cisco's ISR line also features WAN optimization support, making it a rival to Riverbed's (RVBD) Steelhead appliances.
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