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Cisco Systems (NASDAQ:CSCO) Director Carol Bartz sold 20,000 shares of Cisco Systems stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $24.56, for a total transaction of $491,200.00. Following the sale, the director now directly owns 8,870 shares in the company, valued at approximately $217,847. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 $22.65. The company has a market cap of $127.2 billion and a price-to-earnings 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. Analysts expect that Cisco Systems will post $2.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.06%.

CSCO has been the subject of a number of recent research reports. 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. Separately, 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 analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $26.28.

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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