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Cisco Systems (NASDAQ:CSCO) has earned an “AA” credit rating from Morningstar. The firm’s “AA” rating indicates that the company is a very-low default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Cisco Systems in a research note on Friday, August 29th. They now have a $30.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cisco Systems in a research note on Thursday, August 14th. They now have a $26.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Cisco Systems from $26.00 to $28.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Hold” and an average price target of $26.60.

Shares of Cisco Systems (NASDAQ:CSCO) opened at 24.91 on Friday. Cisco Systems has a 52 week low of $20.22 and a 52 week high of $26.08. The stock’s 50-day moving average is $25.1 and its 200-day moving average is $23.86. The company has a market cap of $127.6 billion and a P/E ratio of 16.81. Cisco Systems also was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 63,934,683 shares, a decrease of 11.4% from the July 31st total of 72,138,151 shares. Based on an average daily trading volume, of 29,353,698 shares, the short-interest ratio is currently 2.2 days. Currently, 1.3% of the shares of the company are short sold.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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 will post $2.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 22nd. Investors of record on Thursday, October 2nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, September 30th.

In other Cisco Systems news, EVP Wim Elfrink sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $24.94, for a total transaction of $623,500.00. 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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