Equities research analysts at Stifel Nicolaus assumed coverage on shares of Cisco Systems (NASDAQ:CSCO) in a research report issued on Thursday, The Fly reports. The firm set a “hold” rating on the network equipment provider’s stock.

A number of other research firms also recently commented on CSCO. Vetr downgraded Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 price objective on the stock. in a research note on Wednesday, November 29th. Sanford C. Bernstein reissued a “buy” rating and issued a $40.00 price objective on shares of Cisco Systems in a research note on Monday, November 27th. Robert W. Baird reissued a “buy” rating and issued a $41.00 price objective on shares of Cisco Systems in a research note on Tuesday, December 5th. UBS reaffirmed a “buy” rating and set a $39.00 target price on shares of Cisco Systems in a research report on Thursday, November 16th. Finally, MKM Partners boosted their target price on Cisco Systems to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $36.90.

Cisco Systems (NASDAQ:CSCO) traded down $0.25 on Thursday, hitting $37.90. The stock had a trading volume of 16,556,403 shares, compared to its average volume of 20,327,111. Cisco Systems has a 12 month low of $29.80 and a 12 month high of $38.37. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The company has a market cap of $187,412.72, a P/E ratio of 17.47, a PEG ratio of 3.43 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. research analysts expect that Cisco Systems will post 2.21 earnings per share for the current fiscal year.

In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $32.43, for a total value of $2,107,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now directly owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders sold 323,392 shares of company stock valued at $11,539,174 in the last ninety days. Insiders own 0.05% of the company’s stock.

Several large investors have recently made changes to their positions in CSCO. Southeast Asset Advisors Inc. lifted its position in shares of Cisco Systems by 0.5% during the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after purchasing an additional 44 shares during the last quarter. Opes Advisors Inc lifted its position in shares of Cisco Systems by 0.6% during the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after purchasing an additional 44 shares during the last quarter. Leisure Capital Management lifted its position in shares of Cisco Systems by 0.6% during the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after purchasing an additional 48 shares during the last quarter. Ronald Blue & Co. LLC lifted its position in shares of Cisco Systems by 0.3% during the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after purchasing an additional 57 shares during the last quarter. Finally, Banced Corp lifted its position in shares of Cisco Systems by 0.4% during the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after purchasing an additional 59 shares during the last quarter. 75.78% of the stock is owned by institutional investors.

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Cisco Systems Company Profile

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).

The Fly

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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