Analysts from Drexel Hamilton and Wells Fargo weighed in on fitness innovator Fitbit Inc and network equipment giant Cisco Systems Inc . While one analyst initiates a neutral stance on Fitbit, citing a muted long-term growth, the other remains positive on Cisco following this year’s Cisco Live! in Las Vegas.Fitbit Inc Wells Fargo analyst Stephen Lynch initiated coverage on shares of Fitbit with a Market Perform rating and a valuation range of $14.00 to $15.00.Lynch questions the fitness giant’s dominant position as we progress towards the future, hinging Fitbit’s progress dependent upon new ways to innovate; especially in a market where the company in later years has been facing a blitz from rising competition.The analyst believes that 2016 guidance calls for “a meaningful deceleration of revenue growth.” He noted, “We believe growth moderation puts the impetus on product innovation. While Fitbit currently enjoys a leading position in the fitness wearables market with about 30% share, we are concerned that the current trajectory of product development (mimicking smartwatches) is likely to result in more muted long-term growth.”The analyst continued, “While new product releases (Charge, Charge HR, and Surge) were enough to drive rapid growth in 2015, 2016 seems to be a different story.” Lynch places Fitbit’s best work when fitness innovations are designed with attention to bolstering health. The concern arises when “the current direction of product development (aesthetic changes like a larger screen and interchangeable wristbands) falls short of that target and is unlikely to sustain a competitive advantage in an increasingly crowded market.”As usual, we like to include the analyst’s track record when reporting on new analyst notes to give a perspective on the effect it has on stock performance. Lynch is ranked #1,504 out of 4,055 analysts on TipRanks, with an 80% success rate and an average return of 15.6%.According to TipRanks.com, 65% of analysts rate the stock a Buy, while 35% rate the stock a Hold. The average price target for the stock is $21.09 with a 55% potential upside from where shares last closed.Cisco Systems Inc CEO Chuck Robbins announced Monday at Cisco’s Live! in Las Vegas announced three new technologies for its Digital Network Architecture (DNA) solution to enable network engineers, application developers, channel partners, and IT customers. Cisco intends to cast greater spotlight on security as a critical priority moving forward. During the third quarter of this fiscal year alone, security revenue has already increased by 17%.Analyst Brian White of Drexel Hamilton views this innovative-minded shift with decided optimism for Cisco, asserting, “We believe the stock represents an attractive value with defensive characteristics and has further upside potential.” With the momentum of yesterday’s buzz, Cisco will be introducing three new security technologies integrated into related new solutions and services. This accompanies March’s launch of the Cisco Digital Network Architecture (DNA) with a focused goal to achieve a better protected, secure network.White reiterates a Buy rating on the stock with a $36.00 price target, marking a 17% upside from where the stock is currently trading.White is ranked #133 out of 4,055 analysts on TipRanks, with a 58% success rate and an average return of 8.4%.According to TipRanks.com, 68% of analysts covering the stock are bullish, 5% are bearish, and 27% are neutral. The average price target for the stock is $31.26 with a 5% upside.