Report
Mark Cash
EUR 100.00 For Business Accounts Only

Cisco's focus on software and services prepares it for the cloud and software-defined networking era

Upon taking a renewed look at Cisco Systems, we are raising our fair value estimate to $41 per share from $40. We are maintaining our narrow moat and stable moat trend rating. In our view, shares are slightly overvalued, but Cisco deserves attention for its shareholder capital return policy, ability to generate free cash flow, and our expectation that Cisco will execute on its growth strategy.
In our view, Cisco's expansive and sticky installation base provides switching costs in the enterprise ...
Underlying
Cisco Systems Inc.

Cisco Systems designs and sells a range of technologies that power the Internet. The company's business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. The company's products and technologies are grouped into the following categories: Infrastructure Platforms; Applications; Security and Other Products. In addition to its product offerings, the company provides a range of service offerings, including technical support services and other services. The company delivers its technologies through software and services. The company's customers include businesses of all sizes, public institutions, governments, and service providers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mark Cash

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