Cellular One of East Central Illinois is deploying Cisco Systems, Inc. (NASDAQ:CSCO) Universal Small Cells through the use of ClearSky Technology’s Small Cell as a Service (SCaaS). This is the latest example of how Cisco small cell technology is being deployed globally in a multifaceted way to cost-effectively provide residential, enterprise and outdoor small cells in a scalable, neutral host environment.
“We recognize the beneficial role small cells play in improving customer satisfaction by filling coverage gaps and increasing capacity throughout our Illinois serving area,” said Cassy Carter, CEO of Cellular One. “ClearSky’s Small Cell as a Service offering improved our time to market and also allowed us to do so cost-effectively by providing a best-of-breed solution from Cisco and ClearSky, making it scalable and affordable. ClearSky also provides tools like NetView 360 that allow us to accurately determine the quantity, location and type of small cells we should deploy.”
ClearSky is using the Cisco Universal Small Cell (USC) solution to run the largest neutral host small cell network in the United States today. The Cisco ASR 5000 Small Cell Gateway and USC RAN Management System provide a service that can be tied to any operator, and supports thousands of small cells for homes, hotels, convention centers, manufacturing plants, hospitals, and retailers. The Cisco USC 3000, 5000, 7000 and 8000 Series give ClearSky the flexibility to offer the right small cell for each environment.
“The Cisco product line has enabled us to realize our vision of providing a neutral host gateway that can be employed by individual mobile operators to address coverage, capacity and churn challenges and by properties like hotels, apartment complexes and shopping malls that need indoor coverage from multiple operators,” said Dean Fresonke, ClearSkysenior vice president of business development. “The combination of the neutral host gateway and the broad array ofCisco small cells enables us to create a cost-effective solution for small- and mid-sized buildings of any size or shape. Both operators and property owners now have an entirely new way to solve their coverage and capacity problems in the millions of buildings that are too small for DAS and too big for a residential femtocell.”
“Cisco is proud to work with two visionaries like Cellular One and ClearSky,” said Scott Morrison, vice president ofCisco’s small cell technology group. “It has been our position that small cells can be as easy to deploy as carrier-grade Wi-Fi. Through our collaboration with these two companies we’ve now validated this new and effective approach to small cell deployments. Cellular One is also starting to recognize a competitive advantage as employees of Cellular One’s enterprise customers use their personal mobile phones from other carriers to roam onto the Cellular One network while at work. You can’t argue with solid five-bar coverage indoors.” (Original Source)
Shares of Cisco closed yesterday at $28.275 . CSCO has a 1-year high of $30.31 and a 1-year low of $22.49. The stock’s 50-day moving average is $29.07 and its 200-day moving average is $28.05.
On the ratings front, Cisco has been the subject of a number of recent research reports. In a report issued on June 3, Nomura analyst Stuart Jeffrey assigned a Hold rating on CSCO, with a price target of $32, which represents a potential upside of 13.2% from where the stock is currently trading. Separately, on the same day, RBC’s Mark Sue upgraded the stock to Buy and has a price target of $33.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Stuart Jeffrey and Mark Sue have a total average return of 14.2% and 6.5% respectively. Jeffrey has a success rate of 75.6% and is ranked #471 out of 3614 analysts, while Sue has a success rate of 61.6% and is ranked #735.
The street is mostly Bullish on CSCO stock. Out of 13 analysts who cover the stock, 9 suggest a Buy rating and 4 recommend to Hold the stock. The 12-month average price target assigned to the stock is $32.65, which implies an upside of 15.5% from current levels.