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Cisco Systems (NASDAQ:CSCO) declared a quarterly dividend on Friday, June 20th, Stock Ratings reports. Shareholders of record on Monday, July 7th will be given a dividend of 0.19 per share on Wednesday, July 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.06%.

Several analysts have recently commented on the stock. Analysts at Buckingham Research initiated coverage on shares of Cisco Systems in a research note on Thursday. They set a “neutral” rating and a $28.00 price target on the stock. On the ratings front, analysts at Morgan Stanley initiated coverage on shares of Cisco Systems in a research note on Wednesday. They set an “overweight” rating and a $30.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have assigned a buy rating to the company. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $26.28.

Cisco Systems (NASDAQ:CSCO) traded up 0.49% during mid-day trading on Friday, hitting $24.83. 39,707,996 shares of the company’s stock traded hands. Cisco Systems has a 52-week low of $20.22 and a 52-week high of $26.49. The stock’s 50-day moving average is $24.1 and its 200-day moving average is $22.63. The company has a market cap of $127.2 billion and a P/E ratio of 16.67.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue 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.

In other Cisco Systems news, SVP Charles Robbins unloaded 27,858 shares of the company’s stock on the open market in a transaction dated Monday, June 16th. The shares were sold at an average price of $24.51, for a total value of $682,799.58. The sale was disclosed in a filing with the SEC, which is available at this link.

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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