Company Update (NASDAQ:CSCO): New Cisco Systems, Inc. Internet of Things (IoT) System Provides a Foundation for the Transformation of Industries

Cisco Systems, Inc. (NASDAQ:CSCO) estimates that 50 billion devices and objects will be connected to the Internet by 2020. Yet today, more than 99 percent of things in the physical world remain unconnected. To capitalize on the unprecedented opportunities presented by this wave of digitization, companies and cities are increasingly deploying Internet of Things solutions.

However, digitization is complex. Customers are often connecting devices and objects — or converging unrelated networks — at previously unprecedented scales. Furthermore, they can only realize the value of these connections through the application of advanced data analytics, and even then, customers often still need to create a new class of intelligent applications capable of accelerating new business models or increasing productivity. Of course, all of this has to happen without ever sacrificing security at any point in the system, from the device to the data center and via the cloud.

The new Cisco® IoT System, announced today, addresses the complexity of digitization with an infrastructure that is designed to manage large scale systems of diverse endpoints and platforms, and the data deluge they create.

The new Cisco IoT System comprises six critical technology elements or ‘pillars’ which — when combined together into an architecture — help reduce the complexities of digitization. Cisco also announced 15 new Internet of Things products within the six pillars. (Original Source)

Shares of Cisco closed last Friday at $28.28 . 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 $28.99 and its 200-day moving average is $28.22.

On the ratings front, Cisco has been the subject of a number of recent research reports. In a report issued on June 10, Morgan Stanley analyst James Faucette maintained a Buy rating on CSCO, with a price target of $30, which represents a potential upside of 6.1% from where the stock is currently trading. Separately, on the same day, Goldman Sachs’ Simona Jankowski reiterated a Buy rating on the stock and has a price target of $36.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, James Faucette and Simona Jankowski have a total average return of 10.1% and 13.0% respectively. Faucette has a success rate of 76.0% and is ranked #640 out of 3681 analysts, while Jankowski has a success rate of 60.8% and is ranked #400.

In total, 4 research analysts have assigned a Hold rating and 9 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $32.65 which is 15.5% above where the stock closed last Friday.


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