|
Sterne Agee Gives Cisco's $5 Billion NDS Acquisition Its Approval (CSCO)
Mar 16, 2012 (SmarTrend(R) News Watch via COMTEX) --
3-16-12-Sterne Agee released a note giving its nod of approval to Cisco's (NASDAQ:CSCO) acquisition of NDS.
Sterne said that its $5 billion acquisition of the UK-based company allows it to invest part of its huge overseas cash reserve that allows them to overstep repatriation taxes.
Cisco is just one of the major US firms that's lobbying for a tax break on overseas cash reserves, and has advised that it would boost its US spending if that break was permitted.
Cisco Systems, Inc. supplies data networking products for the Internet. The Company's Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company's solutions transport data, voice, and video within buildings, across campuses, and around the world.
SmarTrend is bullish on shares of Cisco Systems and our subscribers were alerted to buy on September 08, 2011 at $16.14. The stock has risen 23.4% since the alert was issued.
Cisco Systems (NASDAQ:CSCO) has potential upside of 16.3% based on a current price of $19.91 and an average consensus analyst price target of $23.16.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
[ Back To SIP Phones Homepage's Homepage ]
|