Goldman Sachs Reiterates Buy Rating, Does Not Name PT for Cisco Systems

In a report published earlier today, the Goldman Sachs Group, Inc. reiterated its Buy rating for Cisco Systems, Inc. CSCO, but did not name a price target. Goldman Sachs went on to say “The bottom line is that Cisco is acting rapidly to intercept the SDN trend, and we view its strategy as sound, though the long-term impact from SDN cannot be ascertained at this time. We maintain our Buy rating, driven by Cisco's solid execution, competitive current product portfolio, upgrade cycles (to 10G in data centers and 100G in core networks), and valuation.” Cisco Systems, Inc. closed on Friday at $17.10.