FBN's Shelby Seyrafi is starting coverage on Cisco (CSCO), Riverbed (RVBD), Polycom (PLCM), and F5 (FFIV) with Outperform ratings. Seyrafi likes Cisco's dividend, low valuation, and massive free cash flow, thinks highly of F5 and Riverbed's dominant positions in fast-growing niches; and considers Polycom a "good pure play" for videoconferencing.
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