Why Cisco (CSCO) Stock Is Up Today

NEW YORK (TheStreet) -- Cisco (CSCO) was gaining 0.2% to $25.50 Tuesday after announcing a multi-year sales and go-to-market agreement with Microsoft (MSFT).

The goal of the new agreement is to modernize data centers through the delivery and acceleration of integrated solutions. Both companies will invest in sales, marketing, and engineering resources as part of the agreement.

Cisco and Microsoft will focus on the U.S., Canada, U.K., Germany, France, and Australia in the first year, and expand to other countries later. An initial program will focus on migrating Windows 2003 customers to Windows 2012 R2 on the Cisco UCS platform.

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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."

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