Cisco Systems (NASDAQ:CSCO)‘s stock had its “buy” rating restated by Robert W. Baird in a note issued to investors on Thursday, November 16th.
A number of other equities research analysts also recently issued reports on CSCO. Credit Suisse Group restated a “buy” rating on shares of Cisco Systems in a research report on Thursday, August 10th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $38.00 price target on shares of Cisco Systems in a report on Sunday, August 20th. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 price target on shares of Cisco Systems in a report on Thursday, September 28th. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price target on the stock. in a report on Wednesday, August 16th. Finally, Berenberg Bank set a $33.00 price target on Cisco Systems and gave the stock a “hold” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.80.
Shares of Cisco Systems (NASDAQ:CSCO) opened at $37.72 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. The company has a market capitalization of $186,470.00, a PE ratio of 17.33, a P/E/G ratio of 3.40 and a beta of 1.19. Cisco Systems has a 52-week low of $29.24 and a 52-week high of $38.03.
Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. analysts anticipate that Cisco Systems will post 2.21 EPS for the current fiscal year.
In other Cisco Systems news, CEO Charles Robbins sold 121,390 shares of Cisco Systems stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the completion of the transaction, the chief executive officer now owns 552,694 shares in the company, valued at approximately $17,719,369.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the transaction, the insider now owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders sold a total of 493,530 shares of company stock valued at $16,993,798 in the last 90 days. 0.05% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSCO. Barnett & Company Inc. boosted its holdings in Cisco Systems by 1,511.5% in the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after buying an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in Cisco Systems by 36.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after buying an additional 878 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Cisco Systems in the 2nd quarter worth about $104,000. Grove Bank & Trust boosted its holdings in Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after buying an additional 2,120 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 75.79% of the company’s stock.
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About Cisco Systems
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).
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