BMO Capital analyst Tim Long weighed in today on Cisco Systems, Inc. (NASDAQ:CSCO), as the networking firm is scheduled to report its fiscal third-quarter financial results after the markets close today, with a call to follow at 4:30 p.m. The analyst models revenue and EPS of $12.0B/$0.55 for F3Q16, and F4Q16 revenue and EPS of $12.5B/$0.58 versus consensus of $12.4B/$0.58.

Long noted, “Even accounting for a weak telco spending environment, we believe Cisco should report some upside to its April quarter results. The quarter includes an extra week, for which Cisco has guided to add roughly $275 million to sales, but only accounted for subscription related revenues. Moreover, the macro concerns were elevated at the time. As such, we believe the outlook was conservative. We expect guidance to be relatively in line, as improving emerging market trends will likely be offset by the weaker telco spending environment and a mixed enterprise.”

Long reiterated an Outperform rating on shares of Cisco, with a price target of $30, which implies an upside of 12% from current levels.

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Tim Long has a yearly average return of 0% and a 35% success rate. Long has a 15% average return when recommending CSCO, and is ranked #2307 out of 3910 analysts.

Out of the 18 analysts polled by TipRanks, 13 rate Cisco stock a Buy, 4 rate the stock a Hold and 1 recommends a Sell. With a return potential of 11.5%, the stock’s consensus target price stands at $29.94.