Monday, October 31, 2011

Oppenheimer likes Cisco...

Oppenheimer is making a bullish call on Cisco (CSCO), claiming its checks suggest  the company will meet FQ1 estimates (results due next Wednesday) and "build momentum" for FQ2. Meanwhile, RBC is upgrading rival Juniper (JNPR) to Outperform, echoing Morgan Keegan's call that new products will drive growth.

Cisco's chart is not looking to bad these days:

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