MKM Partners analyst Michael Genovese raised his price target on Cisco to $51 from $49 after its mixed Q4 results, with a revenue growth of 5.9% exceeding his expected 4.4% increase and gross margins missing slightly. The analyst notes that the product order growth rate accelerated to 7% from 4% in the prior quarter despite the "fairly tough comps" and was driven by the Service Provider vertical posting its first positive growth in nearly two years. Genovese adds that the ASC606 accounting change also boosted Cisco's Q1 guidance, accelerating its revenue recognition on certain software license sales. The analyst keeps his Neutral rating on Cisco.