In a research report issued today, Cantor analyst Brian White maintained a Buy rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO) and slightly raised the price target to $38 (from $36), due to another quarter of “solid execution and a healthy outlook”. The new price target represents a potential upside of 30% from where the stock is currently trading.

White wrote, “With another quarter of strong execution, Cisco clearly stands apart from other megacap IT vendors. Despite volatile carrier spending across the industry and continued weakness in emerging markets, Cisco delivered a strong 4Q:FY15 print and offered a healthy outlook. Cisco experienced strength in the public and commercial markets, while the service provider market delivered product order growth for the first time in two years but enterprise growth turned slightly negative.”

Bottom line: “Given a string of quarters marked by consistent execution and encouraging traction around Cisco’s softwaredefined networking-related (SDN) initiatives, combined with an attractive valuation and a dividend yield of 3%, we believe investors will continue to warm up to Cisco.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Brian White has a total average return of 14.3% and a 60.3% success rate. White has a 10.2% average return when recommending CSCO, and is ranked #60 out of 3734 analysts.

Out of the 32 analysts polled by TipRanks, 20 rate Cisco stock a Buy, 9 rate the stock a Hold and 3 recommend Sell. With a return potential of 3.0%, the stock’s consensus target price stands at $30.04.

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