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Wall Street Optimism Swells Around Cisco

Things are looking up for Cisco after Wall Street analysts from Piper Jaffray and Goldman Sachs raised their ratings on the networking giant's stock. In addition to positive vibes about Cisco's cost-cutting measures, analyst also see the company as well-positioned to take advantage of an expected uptick in networking equipment spending related to cloud buildouts. After a long and rocky road, the future looks a little bit brighter for Cisco.