Guy Adami Would Take Profits In CSCO

CNBC Fast Money's Guy Adami thinks that it would be a good idea to sell Cisco (NASDAQ: CSCO) on the news that the company is about to come out with the tools that will allow its network service providers to build their own high-speed networks.

Guy Adami believes that investors should look at other companies in the sector. He likes Akamai Technologies, Inc. (NASDAQ: AKAM), Seagate Technology (NASDAQ: STX) and Western Digital Corp. (NYSE: WDC).

JPMorgan (NYSE: JPM) has a different opinion then Guy Adami. JPM upgraded Cisco (CSCO) from Neutral to Overweigt and raised its price target to $28.

Cisco (CSCO) gained 3.65% today on the huge volume of 116.18M. Its average volume is 54.82M.