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Several investment firms have updated their stock ratings and price targets on shares of Cisco Systems (NASDAQ: CSCO) in the last week:

  • Cisco Systems had its “underperform” rating reaffirmed by analysts at Credit Suisse. They now have a $20.00 price target on the stock.
  • Cisco Systems had its price target raised by analysts at MKM Partners from $24.00 to $26.00. They now have a “neutral” rating on the stock.
  • Cisco Systems had its price target raised by analysts at RBC Capital from $23.00 to $24.00. They now have an “outperform” rating on the stock.
  • Cisco Systems is now covered by analysts at Citigroup Inc.. They set a “sell” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Barclays from $23.00 to $25.00.
  • Cisco Systems had its price target raised by analysts at Goldman Sachs from $26.00 to $28.00. They now have a “buy” rating on the stock.
  • Cisco Systems had its price target raised by analysts at BMO Capital Markets from $25.00 to $27.00. They now have an “outperform” rating on the stock.
  • Cisco Systems had its “buy” rating reaffirmed by analysts at Nomura. They now have a $27.00 price target on the stock, up previously from $24.50.
  • Cisco Systems had its price target raised by analysts at Oppenheimer from $25.00 to $27.00. They now have an “outperform” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Piper Jaffray from $24.00 to $26.00.
  • Cisco Systems had its price target raised by analysts at Sterne Agee from $25.00 to $26.00.
  • Cisco Systems had its price target raised by analysts at Robert W. Baird from $26.00 to $27.00.
  • Cisco Systems had its price target raised by analysts at Deutsche Bank from $24.00 to $25.00. They now have a “hold” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Raymond James from $26.00 to $28.00. They now have an “outperform” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Jefferies Group from $22.00 to $24.00. They now have a “hold” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Pacific Crest from $25.00 to $26.00. They now have an “outperform” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Argus from $27.00 to $30.00. They now have a “buy” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Janney Montgomery Scott from $23.00 to $25.00.
  • Cisco Systems had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $24.00 price target on the stock. Zacks‘ analyst wrote, “Cisco Systems is the leading provider of IP-based networking and other products. The company’s third-quarter earnings beat the Zacks Consensus Estimate, driven by higher volumes and better opex management. Despite a sluggish macro-environment and increasing competition, we are positive about the company’s market position, innovative prowess, product range, growth initiatives and dividend payout. Additionally, overall growth prospects remain positive because of the drive toward cloud computing and increasing data flow on carrier and computing networks. Given these factors and the reasonable valuation, we are reiterating our Neutral recommendation on CSCO shares.”
  • Cisco Systems had its price target raised by analysts at FBN Securities to $28.00. They now have an “outperform” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Cantor Fitzgerald from $27.50 to $29.00. They now have a “buy” rating on the stock.
  • Cisco Systems had its “buy” rating reaffirmed by analysts at Bank of America. They now have a $28.00 price target on the stock, up previously from $25.00.
  • Cisco Systems had its price target raised by analysts at FBR Capital Markets from $19.00 to $23.00. They now have a “market perform” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Cowen and Company from $29.00 to $30.00.

Cisco Systems, Inc. (NASDAQ:CSCO) traded down 1.19% on Tuesday, hitting $24.06. 42,646,552 shares of the company’s stock traded hands. Cisco Systems, Inc. has a 52-week low of $20.22 and a 52-week high of $26.49. The stock has a 50-day moving average of $23.10 and a 200-day moving average of $22.24. The company has a market cap of $123.7 billion and a price-to-earnings ratio of 16.43.

Cisco Systems, Inc (NASDAQ:CSCO) designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.

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