NEW YORK (TheStreet) -- Cisco Systems Inc. (CSCO) announced today that its joint sales with NetApp Inc. (NTAP) of the FlexPod integrated infrastructure solution has generated $3 billion since it was launched in 2010.
The company, which designs, manufacturers, and sells Internet protocol-based networking and other communications products, said that FlexPod unit shipments have grown 81% year-over-year with demand for FlexPod solutions reaching a $2 billion annualized demand run rate.
FlexPod integrated infrastructure provides the ability to improve the efficiency of data center infrastructure, while reducing deployment risks, Cisco said.
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Shares of Cisco are up 0.22% to $25.58
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."