Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock had its “buy” rating restated by Jefferies Group LLC in a research note issued on Friday. They currently have a $37.00 price target on the network equipment provider’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 10.15% from the stock’s previous close.

A number of other analysts have also commented on CSCO. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target on the stock in a research note on Wednesday, September 6th. Zacks Investment Research raised Cisco Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine lowered Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Credit Suisse Group AG reissued an “outperform” rating and set a $40.00 price target on shares of Cisco Systems in a research note on Monday, June 26th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research note on Wednesday, September 6th. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.56.

Cisco Systems (NASDAQ:CSCO) opened at 33.59 on Friday. The firm has a market cap of $166.34 billion, a P/E ratio of 17.68 and a beta of 1.21. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $34.60. The company’s 50-day moving average is $32.31 and its 200 day moving average is $32.37.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Equities research analysts expect that Cisco Systems will post $2.43 EPS for the current fiscal year.

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In other Cisco Systems news, SVP Karen Walker sold 23,110 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the transaction, the senior vice president now owns 192,774 shares of the company’s stock, valued at $6,180,334.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the transaction, the chief accounting officer now directly owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. In the last three months, insiders sold 485,138 shares of company stock worth $15,347,574. Insiders own 0.11% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Osborn Williams & Donohoe LLC boosted its position in Cisco Systems by 1.6% in the third quarter. Osborn Williams & Donohoe LLC now owns 257,675 shares of the network equipment provider’s stock worth $8,666,000 after purchasing an additional 3,972 shares during the last quarter. Beacon Financial Group boosted its position in Cisco Systems by 50.8% in the third quarter. Beacon Financial Group now owns 37,524 shares of the network equipment provider’s stock worth $1,262,000 after purchasing an additional 12,644 shares during the last quarter. McQueen Ball & Associates Inc. boosted its position in Cisco Systems by 4.8% in the third quarter. McQueen Ball & Associates Inc. now owns 69,991 shares of the network equipment provider’s stock worth $2,354,000 after purchasing an additional 3,212 shares during the last quarter. Eqis Capital Management Inc. boosted its position in Cisco Systems by 8.1% in the third quarter. Eqis Capital Management Inc. now owns 122,556 shares of the network equipment provider’s stock worth $4,122,000 after purchasing an additional 9,206 shares during the last quarter. Finally, Curbstone Financial Management Corp boosted its position in Cisco Systems by 100.7% in the third quarter. Curbstone Financial Management Corp now owns 74,394 shares of the network equipment provider’s stock worth $2,502,000 after purchasing an additional 37,327 shares during the last quarter. 75.38% of the stock is currently owned by institutional investors and hedge funds.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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