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Cisco Systems, Inc. Nasdaq:CSCO

Shayne Heffernan has affirmed a strong buy on Cisco Systems, Inc. Nasdaq:CSCO issued on November 12, 2010 with a price target of $32 in 2011. Read Original

SAN JOSE, CA–(Marketwire – March 1, 2011) – Cisco (NASDAQ: CSCO) today announced that it will participate in the following events with the financial community during the month of March. The events will be webcast. Interested parties can view these events on Cisco’s Investor Relations Web site at http://investor.cisco.com.

Pacific Crest
2011 Pacific Crest Emerging Technology Summit
March 2, 2011
San Francisco, CA
8:15am PT / 11:15am ET
Lew Tucker, Vice President and Chief Technology Officer, Cloud Computing

Lazard Capital Markets
Lazard Capital Markets Annual Technology & Media Conference
March 15, 2011
Boston, MA
6:00am PT / 9:00am ET
Charles Carmel, Vice President, Corporate Business Development

William Blair
2011 William Blair Technology Symposium
March 15, 2011
San Francisco, CA
1:15pm PT / 4:15pm ET
Lew Tucker, Vice President and Chief Technology Officer, Cloud Computing

In November 2010 markets over reacted to Cisco Systems, Inc. news, that day shares declined $3.97, or 16 percent, to $20.52.

But this week the earnings and outlook will change for the better and CSCO will be back in favor.

Cisco Systems, Inc. tumbled after its profit and sales forecast fell short of analysts’ estimates because of increased competition and lower government spending. The drop wiped out all of Cisco’s gains since Sept. 2.

But, not everyone was a seller, late in the day the options market for Cisco came to life, Cisco options traded 19 times the monthly average as traders rushed to buy Cisco.

There is little doubt that the world’s largest computer networking-equipment maker will rebound, yesterdays over reaction was the biggest drop since July 1994.

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In The News

Cisco Systems, Inc. Plans Combined TV, Web Video Set Top Box-WSJ
Tuesday, 4 Jan 2011 08:35pm EST
Wall Street Journal reported that Cisco Systems, Inc. plans to unveil a television set-top box that combines elements of Web video services with live, on-demand and recorded TV. Citing unnamed people familiar with the matter, the Journal said on Tuesday that Cisco would sell the hybrid boxes to cable operators, helping them to fight off competitors offering online video services.

Cisco Systems, Inc., incorporated in December 1984, designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.

The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and around the world. Its products are designed to transform how people connect, communicate, and collaborate. Its products are installed at enterprise businesses, public institutions, telecommunications companies, commercial businesses, and personal residences.

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