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Cisco Systems (NASDAQ:CSCO) CEO John T. Chambers sold 250,000 shares of the stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $25.00, for a total transaction of $6,250,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,917,673 shares of the company’s stock, valued at approximately $47,941,825. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Cisco Systems (NASDAQ:CSCO) traded up 0.16% during mid-day trading on Wednesday, hitting $25.04. The stock had a trading volume of 36,173,952 shares. Cisco Systems has a one year low of $20.22 and a one year high of $26.49. The stock has a 50-day moving average of $23.87 and a 200-day moving average of $22.50. The company has a market cap of $128.3 billion and a P/E ratio of 16.87. Cisco Systems also was the target of a significant drop in short interest in the month of May. As of May 30th, there was short interest totalling 65,847,388 shares, a drop of 13.0% from the May 15th total of 75,663,677 shares. Based on an average daily trading volume, of 36,898,009 shares, the short-interest ratio is currently 1.8 days. Approximately 1.3% of the shares of the company are short sold.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 14th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $11.50 billion for the quarter, compared to the consensus estimate of $11.38 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts predict that Cisco Systems will post $2.04 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on CSCO shares. Analysts at Deutsche Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, May 27th. They now have a $30.00 price target on the stock, up previously from $25.00. Separately, analysts at ISI Group reiterated a “buy” rating on shares of Cisco Systems in a research note on Wednesday, May 21st. They now have a $28.00 price target on the stock, up previously from $25.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Cisco Systems from $25.00 to $28.00 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $26.20.

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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