December 26, 2010 / 4:45 PM / in 7 years

Cisco shares undervalued - Barron's

NEW YORK, Dec 26 (Reuters) - 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)

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