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Additionally, component shortages, the pandemic and exchange rates present challenges, the analyst said.  Orders from the important Enterprise vertical remained challenged, but every other vertical showed improved orders, he said. With a recovery underway, we continue to like the stock, and our price target goes to $50. Rosenblatt On Read-Through For Cisco s Peers: Cisco s results were at the high end of the guidance, and the fiscal year third-quarter guidance reflected continued macroeconomic improvement, Rosenblatt Securities analyst Ryan Koontz said in a note. The retreat in the stock in reaction to the results was due to inflated investor expectations for Cisco, the analyst said. 

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