JMP Securities Has Greater Confidence In Cisco Systems Following Conference And Analyst Day

In a report published Thursday, JMP Securities analyst Erik Suppiger reiterated a Market Perform rating on Cisco Systems CSCO. In the report, JMP Securities noted, “We maintain our Market Perform rating after attending the Cisco Live! Conference and Analyst Day earlier this week where management commentary gave us greater confidence in Cisco's prospects in the SDN market and the opportunity created by the Internet of Things (IoT); however, we remain concerned that Cisco will be challenged to return to growth, and key markets, such as security, represent a strategic challenge.” Cisco Systems closed on Wednesday at $24.48.