Stock Update (NASDAQ:CSCO): Canal+ Group Delivers First-Ever 4K Broadcast of UEFA Champions League Final With Cisco Systems, Inc. Videoscape
Cisco Systems, Inc. (NASDAQ:CSCO) announced that it participated in the experimental 4K Broadcast of UEFA Champions league Final on June 6. Canal+ Group used the Cisco® Videoscape AnyRes Live ultra high definition (UHD) encoders for its pioneering broadcast of the UEFA Champions League Final in 4K ultra high definition over Satellite and OTT. 4K resolution offers a whopping 8.3 million pixels to display a virtually flawless picture, delivering vivid colors and picture details of the highest quality, even when viewed up close and on the largest screens.
The Cisco AnyRes 4K Encoder brings leading edge quality for real-time media delivery applications such as live sports, and best-in-class reliability and stability required for high profile, must-see events. The Cisco AnyRes platform can stream multiple formats to any device, including iPhone, iPad, feature phones and smartphones, as well as delivering pristine ultra HD video to TVs.
- The pioneering broadcast delivered spectacular 4K UHD picture, using HEVC compression technology to minimize the required bandwidth, along with the highest quality encoding using an HEVC/H.265 codec developed by Cisco.
- Committed to openness and multi-vendor integration, Cisco participated in this showcase with a number of vendors who worked together at the request of Canal+ to turn this broadcast into a showcase for 4K UHD. (Original Source)
Shares of Cisco closed yesterday at $28.66 . 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 $29.06 and its 200-day moving average is $28.07.
On the ratings front, Cisco has been the subject of a number of recent research reports. In a report released yesterday, Cantor Fitzgerald analyst Brian White reiterated a Buy rating on CSCO, with a price target of $36, which implies an upside of 25.6% from current levels. Separately, on the same day, Oppenheimer’s Ittai Kidron reiterated a Buy rating on the stock and has a price target of $32.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brian White and Ittai Kidron have a total average return of 18.5% and 3.3% respectively. White has a success rate of 73.4% and is ranked #16 out of 3621 analysts, while Kidron has a success rate of 52.1% and is ranked #1009.
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 13.9% above where the stock closed yesterday.