Cisco shares undervalued – Barron’s

NEW YORK, Dec 26 (BestGrowthStock) – Shares in technology
bellwether Cisco Systems (CSCO.O: ) are undervalued and should
rise at least a third from current levels, Barron’s said in its
latest issue, dated “week of Dec 24.”

The magazine said if Cisco comes close to its long-term
revenue growth targets, the stock should trade back at least to
its 2007 high of $27 a share.

Barron’s added investors have priced in “too much
skepticism” about Cisco’s prospects.

Cisco shares last closed at $19.69.
(Reporting by Ben Berkowitz; editing by Gunna Dickson)

Cisco shares undervalued – Barron’s