Cisco Estimates Raised, VMware Guidance Conservative, Scientific Games Ready to Benefit

Cisco Systems, Inc. (NASDAQ:CSCO): Auriga raised its estimates and price target for Cisco after its channel checks indicated the company is benefiting from a stronger enterprise spending environment and improving product cycles. The firm keeps a Buy rating on the stock.

VMware, Inc. (NYSE:VMW): Pacific Crest believes that VMware’s guidance is conservative, and the firm expects the stock to outperform in 2012. The firm reiterates an Outperform rating.

Range Resources Corporation (NYSE:RRC): Range Resources is a prime take out candidate, says Raymond James.

CIBER, Inc. (NYSE:CBR): After CIBER sold its federal unit, Roth Capital estimates that the deal unlocks 55c per share of value for investors, and the firm doesn’t think that this amount is adequately reflected in the company’s current stock price. The firm reiterates a $6 target and Buy rating.

Scientific Games Corporation (NASDAQ:SGMS): After Scientific Games sold off due to the restructuring of its relationship with Playtech, Roth Capital continues to believe that Scientific Games will benefit from the legalization of online gambling in the U.S. The firm sees no impact on earnings and no impact on the company’s ability to sell lottery tickets over the Internet as a result of the restructuring, and it reiterates a $13.50 target and Buy rating on the stock.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com