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Shares of Cisco Systems (NASDAQ:CSCO) have been given a consensus rating of “Buy” by the forty-one brokerages that are covering the company, StockRatingsNetwork.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $26.35.

Cisco Systems (NASDAQ:CSCO) opened at 25.23 on Friday. Cisco Systems has a 1-year low of $20.22 and a 1-year high of $26.48. The stock has a 50-day moving average of $25.30 and a 200-day moving average of $23.55. The company has a market cap of $129.2 billion and a P/E ratio of 16.89. Cisco Systems also was the target of unusually large options trading on Monday. Stock traders bought 27,362 put options on the company. This represents an increase of 119% compared to the typical volume of 12,486 put options.

Cisco Systems (NASDAQ:CSCO) last released its earnings data 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.

In other Cisco Systems news, EVP Pankaj Patel sold 100,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $24.92, for a total value of $2,492,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of research firms have recently commented on CSCO. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Cisco Systems in a research note on Monday. They now have a $20.50 price target on the stock, up previously from $18.00. Separately, analysts at Robert W. Baird raised their price target on shares of Cisco Systems from $27.00 to $29.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at Pacific Crest downgraded shares of Cisco Systems from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 28th. They now have a $26.00 price target on the stock.

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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