Cantor Fitzgerald analyst Brian White came out with some commentary on Cisco Systems, Inc. (NASDAQ:CSCO) following an investor meeting at Cisco Live with CEO Chuck Robbins.  The analyst reiterated a Buy rating on the stock with a price target of $36. Shares of CSCO are currently trading at $28.54, up $0.30, or 1.06%.

White observed, “On the back of Cisco’s Investor Meeting at Cisco Live!, we walked away impressed with Chuck Robbins (officially takes over as Cisco’s CEO on July 26), encouraged by Cisco’s progress in important secular growth areas (e.g., SDN, security, cloud and software) and optimistic around the company’s transformation into a broader IT player. At the same time, Cisco reiterated its longterm financial targets and remained confident in maintaining a robust margin profile.

“Moreover, this was John Chambers’ (CEO, Chairman) last Investor Meeting as Cisco’s CEO. Given Cisco’s consistent execution in recent quarters and concerns around software-defined networking (SDN) starting to wane, combined with an attractive valuation (i.e., 9.3x our CY:16 EPS estimate, ex-cash) and a dividend yield of 3% on the stock, we believe investors will continue to show interest in Cisco.”, the analyst added.

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Brian White has a total average return of 18.0% and a 71.1% success rate. White has a 11.9% average return when recommending CSCO, and is ranked #22 out of 3619 analysts.

Out of the 14 analysts polled by TipRanks, 10 rated CSCO stock a Buy, while 4 rated it a Hold. With a return potential of 14.20%, the stock’s consensus target price stands at $32.58.