NEW YORK (TheStreet) -- Cisco Systems (CSCO) - Get Report stock is advancing 0.9% to $27.04 on Monday as William Blair is optimistic about the company's progress while working with tech giant Apple (AAPL).
Cisco first announced at the end of August last year that it would work with Apple to "optimize Cisco networks for iOS devices and apps, integrating iPhones with Cisco environments and providing unique collaboration capabilities on iPhones and iPads," Cisco stated in a blog.
In focus now is Apple's new native mobile business service, called PBX, which Cisco is helping with.
This service has the ability to receive or originate a call using a 4-digit business extension through a native dialer by associating that device with an end-user mobile number activated on any service providers' wireless network, according to the firm's note.
As Cisco continues to create communications software for businesses, it has "has morphed into an impressively innovative force in collaboration, video, and communications under the tutelage of Rowan Trollope," analysts said.
Based in San Jose, Cisco Systems designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.
The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CSCO