Cisco Systems (CSCO) Receives New Coverage from Analysts at Loop Capital

Analysts at Loop Capital initiated coverage on shares of Cisco Systems (NASDAQ:CSCO) in a report released on Monday, The Fly reports. The brokerage set a “hold” rating on the network equipment provider’s stock.

Several other analysts also recently weighed in on CSCO. Piper Jaffray Companies restated an “overweight” rating and set a $44.00 target price on shares of Cisco Systems in a research note on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a research note on Monday, October 23rd. Credit Suisse Group restated a “hold” rating and set a $35.00 target price on shares of Cisco Systems in a research note on Friday, October 6th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, October 24th. Finally, Oppenheimer restated a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research note on Friday, October 20th. Fourteen analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Cisco Systems has a consensus rating of “Buy” and an average price target of $38.80.

Shares of Cisco Systems (NASDAQ CSCO) traded up $0.29 during midday trading on Monday, reaching $42.85. The company had a trading volume of 23,630,000 shares, compared to its average volume of 20,930,000. Cisco Systems has a 52-week low of $30.36 and a 52-week high of $42.98. The firm has a market cap of $211,830.00, a P/E ratio of 22.20, a P/E/G ratio of 3.85 and a beta of 1.19. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. equities analysts predict that Cisco Systems will post 2.21 earnings per share for the current fiscal year.

In other news, SVP Karen Walker sold 5,786 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the sale, the senior vice president now owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the sale, the senior vice president now directly owns 257,476 shares in the company, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Opes Advisors Inc raised its holdings in shares of Cisco Systems by 0.6% during the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after buying an additional 44 shares during the last quarter. Leisure Capital Management increased its stake in shares of Cisco Systems by 0.6% during the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after acquiring an additional 48 shares during the period. Ronald Blue & Co. LLC increased its stake in shares of Cisco Systems by 0.3% during the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after acquiring an additional 57 shares during the period. GM Advisory Group Inc. increased its stake in shares of Cisco Systems by 0.3% during the second quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock valued at $612,000 after acquiring an additional 61 shares during the period. Finally, Telemus Capital LLC increased its stake in shares of Cisco Systems by 0.6% during the second quarter. Telemus Capital LLC now owns 12,235 shares of the network equipment provider’s stock valued at $383,000 after acquiring an additional 72 shares during the period. 75.69% of the stock is currently 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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