Cisco Systems, Inc. (NASDAQ:CSCO) has been given an
Outperform rating with a price target of $30 by Raymond James analysts Simon
Leopold, Georgios Kyriakopoulos and Victor Chiu. The analysts are “constructive
on Cisco’s vision and focus on the software-centric evolution.” Cisco is now
evolving towards more software-centric networks and plans to double the
revenues from software services to $12 billion over the next 3-5 years from $6
billion in 2012.
According to analysts, the overall effect of the “disruptive
software transition” on Cisco’s gross income dollars is hard to determine, as
of now, but they believe the trend “represents a revenue growth headwind but a
tailwind for gross margin.” Read more.
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