Cisco Systems’ (CSCO) “Outperform” Rating Reiterated at William Blair

Cisco Systems (NASDAQ:CSCO)‘s stock had its “outperform” rating restated by William Blair in a research report issued on Thursday.

Several other brokerages also recently issued reports on CSCO. Loop Capital began coverage on Cisco Systems in a research report on Monday, January 29th. They issued a “hold” rating and a $45.00 price objective for the company. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $44.13 price objective for the company in a research report on Tuesday, January 30th. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, January 31st. Piper Jaffray Companies set a $48.00 price objective on Cisco Systems and gave the company a “buy” rating in a research report on Thursday. Finally, KeyCorp set a $49.00 price objective on Cisco Systems and gave the company a “buy” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Cisco Systems has an average rating of “Buy” and an average target price of $42.41.

Cisco Systems (CSCO) opened at $42.09 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. Cisco Systems has a 52-week low of $30.36 and a 52-week high of $42.98. The stock has a market capitalization of $208,080.00, a price-to-earnings ratio of -131.53, a price-to-earnings-growth ratio of 3.71 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. During the same period in the prior year, the business posted $0.57 earnings per share. equities research analysts expect that Cisco Systems will post 2.23 earnings per share for the current year.

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,230 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.00, for a total value of $578,740.00. Following the completion of the transaction, the director now directly owns 113,154 shares of the company’s stock, valued at $4,299,852. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Rebecca Jacoby sold 75,021 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 257,476 shares of the company’s stock, valued at $9,892,227.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 348,643 shares of company stock valued at $12,892,271. Insiders own 0.05% of the company’s stock.

A number of large investors have recently bought and sold shares of CSCO. RS Investment Management Co. LLC boosted its position in Cisco Systems by 18.7% during the second quarter. RS Investment Management Co. LLC now owns 28,333 shares of the network equipment provider’s stock valued at $813,000 after purchasing an additional 4,458 shares during the last quarter. British Columbia Investment Management Corp boosted its position in Cisco Systems by 4.4% during the second quarter. British Columbia Investment Management Corp now owns 3,099,966 shares of the network equipment provider’s stock valued at $88,938,000 after purchasing an additional 129,545 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Cisco Systems by 3.8% during the second quarter. Eagle Asset Management Inc. now owns 5,101,847 shares of the network equipment provider’s stock valued at $146,372,000 after purchasing an additional 189,013 shares during the last quarter. Primecap Management Co. CA boosted its position in Cisco Systems by 16.0% during the first quarter. Primecap Management Co. CA now owns 29,127,015 shares of the network equipment provider’s stock valued at $829,246,000 after purchasing an additional 4,013,625 shares during the last quarter. Finally, Rockefeller Financial Services Inc. boosted its position in Cisco Systems by 12.8% during the second quarter. Rockefeller Financial Services Inc. now owns 439,424 shares of the network equipment provider’s stock valued at $12,607,000 after purchasing an additional 50,020 shares during the last quarter. 75.42% of the stock is owned by hedge funds and other institutional investors.

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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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