Cisco Systems, Inc. (NASDAQ:CSCO) Receives Average Rating of “Buy” from Analysts

Cisco Systems, Inc. (NASDAQ:CSCO) has earned an average recommendation of “Buy” from the twenty-nine analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $56.63.

CSCO has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on shares of Cisco Systems in a research report on Wednesday. They issued an “outperform” rating and a $60.00 price objective on the stock. BidaskClub downgraded shares of Cisco Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 31st. Zacks Investment Research raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Tuesday, May 21st. William Blair downgraded shares of Cisco Systems from an “outperform” rating to a “market perform” rating and set a $56.10 price objective on the stock. in a research report on Wednesday, June 12th. Finally, Jefferies Financial Group increased their price objective on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. They noted that the move was a valuation call.

CSCO traded down $0.10 during trading hours on Friday, hitting $49.93. 15,708,553 shares of the company’s stock were exchanged, compared to its average volume of 20,909,328. Cisco Systems has a 12-month low of $40.25 and a 12-month high of $58.26. The firm has a 50 day moving average of $50.44 and a 200 day moving average of $53.70. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm has a market cap of $206.24 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.26 and a beta of 1.26.



Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The company had revenue of $13.43 billion for the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the prior year, the firm posted $0.70 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts expect that Cisco Systems will post 3.06 EPS for the current fiscal year.

In related news, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.72, for a total value of $3,270,400.00. Following the transaction, the chief financial officer now directly owns 277,548 shares of the company’s stock, valued at approximately $12,967,042.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Chandler sold 546 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $47.92, for a total transaction of $26,164.32. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Evolution Wealth Advisors LLC acquired a new stake in Cisco Systems during the 2nd quarter worth $33,000. Lowe Wealth Advisors LLC acquired a new stake in Cisco Systems during the 2nd quarter worth $38,000. Personal Wealth Partners acquired a new stake in Cisco Systems during the 2nd quarter worth $44,000. Ashburton Jersey Ltd acquired a new stake in Cisco Systems during the 2nd quarter worth $49,000. Finally, Lucia Wealth Services LLC boosted its stake in Cisco Systems by 72.3% during the 2nd quarter. Lucia Wealth Services LLC now owns 1,144 shares of the network equipment provider’s stock worth $63,000 after purchasing an additional 480 shares during the period. 72.89% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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