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Wunderlich Securities provided color on Cisco Systems
CSCO in a research report published today. Wunderlich Securities has a Buy rating and $24 price target on the company.
In the report, Wunderlich Securities stated, "After 2013 we expect NDS contribution to accelerate with comparisons that include amortization of revenue deferred in 2013 and beyond. We also regard the acquisition to be a strategic fit that enables Cisco to compete more effectively with Google (
GOOG) – NR), assuming Google keeps Motorola (
MMI) – NR) cable assets and Microsoft (
MSFT) – NR), which we view to be the principle competitors in the pay TV portion of the service provider video space."
Shares of Cisco Systems were trading at $19.92 at the time of posting, down 1.34% from Wednesday's market close.
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