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Report: Device sales stable

Global sales of enterprise networking equipment will grow at a compound annual growth rate of 3.61% from 2012-16, says a report by market tracker Research and Markets, good news for Cisco Systems (CSCO), Hewlett-Packard (HPQ), Juniper Networks (JNPR) and other tech vendors. Key drivers for the growth are improved security features that can identify security threats and the increasing use of mobile devices that access the Internet. William Blair analysts upgraded their rating on Cisco to buy.