Cisco Systems, Inc. (CSCO) Given “Buy” Rating at UBS AG

UBS AG restated their buy rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO) in a report released on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a $39.00 price objective on the network equipment provider’s stock.

Several other equities research analysts have also recently commented on the stock. BMO Capital Markets boosted their price target on shares of Cisco Systems from $32.00 to $36.00 and gave the stock a market perform rating in a research report on Thursday. Bank of America Corporation boosted their price target on shares of Cisco Systems from $35.00 to $37.00 and gave the stock a neutral rating in a research report on Thursday. Deutsche Bank AG reiterated a buy rating and issued a $45.00 price target (up from $40.00) on shares of Cisco Systems in a research report on Thursday. Nomura boosted their price target on shares of Cisco Systems from $29.00 to $33.00 and gave the stock a neutral rating in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price target on shares of Cisco Systems to $40.00 and gave the stock an outperform rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $36.73.

Shares of Cisco Systems (NASDAQ:CSCO) opened at $36.32 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. Cisco Systems has a 1-year low of $29.12 and a 1-year high of $36.67. The firm has a market cap of $179,720.00, a PE ratio of 16.54, a P/E/G ratio of 3.17 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the business earned $0.61 earnings per share. Cisco Systems’s revenue for the quarter was down 1.7% compared to the same quarter last year. analysts forecast that Cisco Systems will post 2.16 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 annualized dividend and a yield of 3.19%. Cisco Systems’s dividend payout ratio is currently 60.10%.

In other news, insider John T. Chambers sold 250,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the sale, the insider now owns 729,305 shares in the company, valued at $22,710,557.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Karen Walker sold 23,110 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the sale, the senior vice president now owns 192,774 shares in the company, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock valued at $15,347,574 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Southeast Asset Advisors Inc. boosted its holdings in Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after acquiring an additional 44 shares during the last quarter. Opes Advisors Inc boosted its holdings in Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after acquiring an additional 44 shares during the last quarter. Leisure Capital Management boosted its holdings in Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after acquiring an additional 48 shares during the last quarter. Ronald Blue & Co. LLC boosted its holdings in Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after acquiring an additional 57 shares during the last quarter. Finally, Banced Corp boosted its holdings in Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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