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Shares of Cisco
CSCO are up 0.5 percent to $26.26 in Friday's premarket session after an earlier upgrade by JPMorgan analyst Rod Hall.
Despite lingering concerns on the impact software-defined networking will have on Cisco, Hall upgraded Cisco from Underweight to Neutral and raised his price target from $18 to $26 on other positive indicators.
Citing improving enterprise networking trends and healthy indicators from other players in the field including F5 Networks
FFIV, Juniper
JNPR and Citrix
CTXS, Hall felt the potential software-defined networking impact on Cisco did not justify an Underweight rating.
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