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A number of firms have modified their ratings and price targets on shares of Cisco Systems (NASDAQ: CSCO) recently:

  • Cisco Systems had its “sell” rating reaffirmed by analysts at Citigroup Inc.. They now have a $20.50 price target on the stock, up previously from $18.00.
  • Cisco Systems had its “equal weight” rating reaffirmed by analysts at Barclays. They now have a $26.00 price target on the stock, up previously from $25.00.
  • Cisco Systems had its price target raised by analysts at BMO Capital Markets from $27.00 to $28.00. They now have an “outperform” rating on the stock.
  • Cisco Systems had its price target raised by analysts at Nomura to $29.00.
  • Cisco Systems had its price target raised by analysts at Stifel Nicolaus from $28.00 to $30.00. They now have a “buy” rating on the stock.
  • Cisco Systems had its “underperform” rating reaffirmed by analysts at Credit Suisse. They now have a $20.00 price target on the stock, down previously from $28.00.
  • Cisco Systems had its price target raised by analysts at Sterne Agee from $26.00 to $28.00. They now have a “buy” rating on the stock.
  • Cisco Systems had its “buy” rating reaffirmed by analysts at Deutsche Bank.
  • Cisco Systems had its price target raised by analysts at MKM Partners from $27.00 to $28.00. They now have a “neutral” rating on the stock.
  • Cisco Systems had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $26.00 price target on the stock. Zacks‘ analyst wrote, “Cisco Systems is the leading provider of IP-based networking and other products. The company’s fourth-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 Cowen and Company from $30.00 to $33.00.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 24.64 on Wednesday. Cisco Systems, Inc. has a 52-week low of $20.22 and a 52-week high of $26.08. The stock has a 50-day moving average of $25.30 and a 200-day moving average of $23.67. The company has a market cap of $126.2 billion and a P/E ratio of 16.53.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.02. The company had revenue of $12.40 million for the quarter, compared to the consensus estimate of $12.14 billion. On average, analysts predict that Cisco Systems, Inc. will post $2.16 earnings per share for the current fiscal year.

In other Cisco Systems news, SVP Charles Robbins unloaded 1,205 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $24.49, for a total transaction of $29,510.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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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