As a result of its better-than-expected results, Barclays issued a letter to clients raising the high end of its estimates. BarCap analyst, Jeff Kvaal said that strong sales of $9.0 billion easily topped guidance of $8.8 billion, driven by US enterprise bookings, which grew 30% QoQ, as well as strength in US carrier, APAC, and parts of Europe.

In addition, a "robust" gross margin of 66% beat BarCap's estimated 65% margin due to lower component costs and fewer discounts.

Kvaal added that Cisco's management offered better than seasonal sales guidance (up 2 aEUR" 5% vs. 3%).

Kvaal concluded by saying that management "restrained optimism for F2H," therefore BarCap boosted its high end CY2010 EPS from $1.54 to $1.57.

Barclays analyst Jeff Kvaal offered this concluding statement, "We believe further EPS upside is likely from recovery in Europe/APAC plus conservative guidance."

Barclays maintained its "Overweight" rating on the stock as well as its Target Price of $28.00.

Write to Chip Brian at cbrian@tradethetrend.com

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Recent News on Cisco Systems Inc.

Cisco Systems Inc . posted a stronger-than-expected quarterly profit and signalled that recovery was well on its way, as businesses are investing in network equipment again after cutting back for the past year.

Chief Executive John Chambers gave a revenue forecast for the current quarter, its fiscal second, that topped Wall Street expectations and said that business conditions had hit bottom at least six months ago. Shares of Cisco rose 3.7 percent.

To view the Consolidated Investment Analysis on Cisco Systems Inc. Please visit the stock pulse page at www.chartpoppers.com

In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.

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Write to Chip Brian at cbrian@tradethetrend.com

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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.TradeTheTrend.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.TradeTheTrend.com/signup.html