Cisco Shares Lifted by Virgin Media, Chesapeake Deal Speculation, Sirius Has Upside

Cisco Systems, Inc. (NASDAQ:CSCO): Cisco announced that Virgin Media (NASDAQ:VMED) is deploying Cisco Quad, Cisco WebEx and Cisco Unified Communications to its people. The solutions are being rolled out as part of Virgin Media’s Flexible Working Initiative and will enable thousands of employees to collaborate and work remotely with video calls and shared documents, all easily accessible via PCs, laptops, tablets and mobile phones.

Chesapeake Energy (NYSE:CHK): JP Morgan is skeptical of Permian’s asset sale valuation and believes the $1B bond offering indicates Chesapeake’s near-term need for cash. Shares are Underweight rated. Chesapeake has also recently received industry inquiries about a complete exit from the Permian Basin and today is announcing that it may consider a 100% sale of its Permian Basin assets if it receives a compelling offer.

Sirius XM Radio Inc. (NASDAQ:SIRI): Barrington believes Sirius XM Radio continues to make progress in the key metrics that matter, and keeps an Outperform rating on the stock with a $3 price target following the company’s Q4 results. The firm thinks interest in Sirius’s story should continue to improve as management delivers on its financial and operational metrics.

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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