Citi analyst Atif Malik opened a “30-day positive catalyst watch” on shares of Cisco Systems (CSCO) while keeping a Neutral rating on the name with a $54 price target. The analyst expects Cisco to outperform peers Arista (ANET) and Juniper (JNPR) saying strong enterprise demand will likely drive upside to its July quarter results. Cisco should benefit from its heavy enterprise exposure, the analyst tells investors in a research note.
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