Cisco Systems (NASDAQ:CSCO) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Tuesday, January 30th. The firm presently has a $44.13 price objective on the network equipment provider’s stock. Vetr‘s target price would indicate a potential upside of 4.85% from the stock’s current price.
Several other equities analysts have also recently weighed in on CSCO. Loop Capital began coverage on Cisco Systems in a research report on Monday, January 29th. They issued a “hold” rating and a $45.00 price target for the company. KeyCorp reiterated an “overweight” rating and issued a $43.00 price target (up from $39.00) on shares of Cisco Systems in a research report on Friday, January 19th. Zacks Investment Research lowered Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Barclays lifted their price objective on Cisco Systems from $37.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $44.00 price objective on shares of Cisco Systems in a research note on Wednesday, January 10th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Cisco Systems has an average rating of “Buy” and an average target price of $40.38.
Cisco Systems (NASDAQ:CSCO) traded up $0.86 during mid-day trading on Tuesday, hitting $42.09. The stock had a trading volume of 43,406,689 shares, compared to its average volume of 28,730,000. Cisco Systems has a 52 week low of $30.36 and a 52 week high of $42.98. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $208,080.00, a price-to-earnings ratio of 21.81, a PEG ratio of 3.65 and a beta of 1.23.
Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. research analysts expect that Cisco Systems will post 2.23 EPS for the current year.
In other news, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the transaction, the chief accounting officer now directly owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $211,131.14. Following the completion of the sale, the senior vice president now owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock worth $12,892,271 over the last ninety days. 0.05% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of CSCO. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Cisco Systems during the 2nd quarter valued at about $231,000. IFG Advisory LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at about $2,375,000. Stonehearth Capital Management LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at about $102,000. Keeler Thomas Management LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at about $108,000. Finally, Goodman Financial Corp bought a new position in shares of Cisco Systems during the 4th quarter valued at about $115,000. Hedge funds and other institutional investors own 75.42% of the company’s stock.
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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).
To view Vetr’s full report, visit Vetr’s official website.
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