Jefferies Comments on Cisco Systems

Jefferies has published a report on Cisco Systems (NASDAQ: CSCO) maintaining their current price target.

In the report, Jefferies wrote, "Cisco's Enterprise Business Should be Decent - Looking back through a large number of anecdotes from recent months indicates Enterprise spending was at least decent through Cisco's July quarter. We estimate that Enterprise spending – including Cisco's Enterprise and Commercial classifications – accounts for roughly 60% of sales."

Jefferies rated Cisco a Hold with a price target of $15.75. Cisco closed Friday at $14.94.