RBC Capital analyst Mitch Steves keeps his Outperform rating and $50 price target on Cisco, saying the company can achieve EPS growth toward its objectove of over $3.50 by 2020 driven by its capital allocation, higher revenue, and continued mix shift to software and services. Steves adds that in addition to the company's long-term targets of 1%-3% revenue growth in the next 3-5 years, stable margins, and over 50% of free cash flow return to shareholders, additional upside for Cisco can come from higher than expected revenue growth in its Infrastructure Platforms thanks to the demand for its Catalyst 9000 series as well as mix shift-driven margin expansion.