Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Can Keep Rallying After Reaching Nine-Year High: UBS

[at Barrons.com] – Cisco (CSCO) shares are at a nine-year high, but that doesn’t mean that the rally can’t continue, argues UBS. Analyst Steven Milunovich reiterated a Buy rating and $32 price target on the stock Thursday, calling the company the best positioned legacy vendor. More detail form the note: The Register reported that Cisco has added a vCenter plug-in to its Application Centric Infrastructure (ACI) platform, which allows customers to manage ACI from a vSphere client. Read more on this. , currently valued at $ecting to http://finance.ya, finished at $. Looking at the equity, the company’s one day range is $ and has traded between $ over the past year. CSCO shares are currently priced at x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s x earnings multiple. In a review of the consensus earnings estimate this quarter, 0 sell-side analysts are looking at $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $ would be a $0.00 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $0.00 . If reported, that would be a 0.00% decrease over the year-ago quarter. In terms of ratings, d CSCO from to (/fin). Previously, d CSCO from to . When considering if perhaps the stock is under or overvalued, the average price target is $, which is 0.00% below where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – A bunch of ex-Cisco engineers say Cisco tried to kill their startup’s marketing event Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco Systems (CSCO) Stock Be Helped by Positive UBS View? Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Schedules Conference Call for Q2 Fiscal Year 2016 Financial Results