In a report issued Wednesday, Stifel maintained its rating of Buy for Cisco Systems, Inc. CSCO while raising its target price from $25 to $28.
Analyst Sanjiv Wadhwani of Stifel believes that Cisco's ACI, SDN solution will give the company a great driver for the comapnies further success. With companies such as Goldman Sachs, NetApp, and Rackspace look to Cisco's ACI as a possible SDN solution, Cisco is well poised.
Wadhwani does caution though that further deterioration to the current economic environment could negatively impact Cisco.
Cisco is up 0.21 percent to $24.17 in pre-market activity.
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