Will Cisco Systems (CSCO) Stock Be Helped By This Upgrade?

NEW YORK (TheStreet) -- Shares of Cisco Systems Inc.  (CSCO) were upgraded to "buy" from "hold" at Deutsche Bank (DB) with $30 price target.

Cisco stock is up 1.59% to $24.91 in pre-market trade.

In part, the bank said: "Our research at Cisco Live with IT distys, IT buyers, and management give us conviction on a stronger than anticipated multi Q ramp for Cisco's new switching, routing, security, wireless, and Cloud IT Services solutions: Nexus 9k/ACI, ASR 9k, CRS-X, NCS, SourceFire, 802.11ac, Meraki, etc - heading into FY15/16."

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Separately, TheStreet Ratings team rates CISCO SYSTEMS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate CISCO SYSTEMS INC (CSCO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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