Cisco Systems, Inc. (NASDAQ:CSCO) has earned a consensus recommendation of “Buy” from the thirty-six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, twenty-two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $38.11.

A number of brokerages have recently issued reports on CSCO. BMO Capital Markets restated a “hold” rating and set a $32.00 price objective on shares of Cisco Systems in a report on Thursday, September 28th. Piper Jaffray Companies restated an “overweight” rating and set a $44.00 price objective on shares of Cisco Systems in a report on Wednesday, January 10th. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price objective for the company. in a report on Monday, September 25th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a report on Tuesday, September 19th. Finally, Credit Suisse Group restated a “hold” rating and set a $35.00 price objective on shares of Cisco Systems in a report on Friday, October 6th.

Cisco Systems (NASDAQ CSCO) traded up $0.77 during trading on Monday, reaching $40.87. The company had a trading volume of 23,712,990 shares, compared to its average volume of 21,994,578. Cisco Systems has a fifty-two week low of $29.84 and a fifty-two week high of $40.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The company has a market capitalization of $202,050.00, a PE ratio of 21.18, a P/E/G ratio of 3.70 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. sell-side analysts anticipate that Cisco Systems will post 2.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.84%. Cisco Systems’s payout ratio is 60.10%.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the transaction, the insider now directly owns 712,736 shares in the company, valued at $26,014,864. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Roderick C. Mcgeary sold 15,230 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total transaction of $578,740.00. Following the transaction, the director now owns 113,154 shares of the company’s stock, valued at $4,299,852. The disclosure for this sale can be found here. Over the last quarter, insiders sold 348,643 shares of company stock valued at $12,892,271. 0.05% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after buying an additional 7,411,891 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Cisco Systems by 23.6% during the third quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock worth $2,109,614,000 after buying an additional 11,972,070 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cisco Systems by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider’s stock worth $1,639,089,000 after buying an additional 2,987,682 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Cisco Systems by 8.3% during the third quarter. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider’s stock worth $1,143,876,000 after buying an additional 2,617,310 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Cisco Systems by 1.1% during the third quarter. Boston Partners now owns 30,401,385 shares of the network equipment provider’s stock worth $1,022,399,000 after buying an additional 329,474 shares during the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.

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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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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