By Takeover Analyst:

One of my top picks for 2012 is Cisco (CSCO). The company trades significantly below intrinsic value with the bar set low from a growth perspective. In this article, I will run you through my DCF analysis on the firm and then triangulate the result with an exit multiple calculation and a review of the fundamentals compared to Alcatel-Lucent (ALU) and Juniper Networks (JNPR).

As a provider of investor relations services, I also understand the effect that news flow can have on smaller firms. Once inaccurate press about Ditech Networks (DITC) and Network Equipment Technologies (NWK) rightfully dissipates and is replaced by fair reviews, I expect significant appreciation. These two firms have attractive fundamentals, compelling growth stories, and are led by strong management teams.

But, we’ll focus on the larger company, Cisco, for now. First, let’s start with an assumption about revenues. Cisco finished FY2011 with $ 42.2B in revenue, which