Cisco Systems (CSCO) – Investment Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Cisco Systems (NASDAQ: CSCO):

  • 5/17/2018 – Cisco Systems was given a new $41.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 5/17/2018 – Cisco Systems was given a new $58.00 price target on by analysts at JPMorgan Chase. They now have a “buy” rating on the stock.
  • 5/9/2018 – Cisco Systems is now covered by analysts at Credit Suisse Group. They set a “neutral” rating and a $41.00 price target on the stock.
  • 5/3/2018 – Cisco Systems is now covered by analysts at JPMorgan Chase. They set an “overweight” rating and a $57.00 price target on the stock.
  • 4/30/2018 – Cisco Systems is now covered by analysts at Macquarie. They set an “outperform” rating on the stock.
  • 4/18/2018 – Cisco Systems had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $49.00 price target on the stock, up previously from $48.00.
  • 4/18/2018 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $46.32 price target on the stock.
  • 4/9/2018 – Cisco Systems was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $46.32 price target on the stock.
  • 4/3/2018 – Cisco Systems was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $46.32 price target on the stock.
  • 3/26/2018 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $45.60 price target on the stock.
  • 3/23/2018 – Cisco Systems was upgraded by analysts at Goldman Sachs from a “buy” rating to a “conviction-buy” rating.
  • 3/19/2018 – Cisco Systems was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $46.93 price target on the stock.

Shares of Cisco Systems opened at $43.46 on Friday, according to Marketbeat Ratings. Cisco Systems has a 52 week low of $45.14 and a 52 week high of $45.54. The firm has a market capitalization of $217.56 billion, a PE ratio of 20.21, a PEG ratio of 3.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, May 16th. The network equipment provider reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Cisco Systems had a positive return on equity of 18.32% and a negative net margin of 2.61%. The company had revenue of $12.46 billion during the quarter, compared to analysts’ expectations of $12.42 billion. During the same period in the prior year, the company earned $0.60 EPS. analysts expect that Cisco Systems will post 2.33 EPS for the current year.

In other news, Director Arun Sarin sold 14,189 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $44.10, for a total value of $625,734.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Goeckeler sold 20,671 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $45.50, for a total value of $940,530.50. The disclosure for this sale can be found here. Insiders sold a total of 46,986 shares of company stock valued at $2,116,422 over the last quarter. 0.05% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Advisors LLC increased its holdings in Cisco Systems by 1.4% in the first quarter. Cetera Advisors LLC now owns 78,073 shares of the network equipment provider’s stock valued at $3,350,000 after purchasing an additional 1,106 shares during the period. Stellar Capital Management LLC increased its holdings in Cisco Systems by 3.4% in the first quarter. Stellar Capital Management LLC now owns 33,236 shares of the network equipment provider’s stock valued at $1,426,000 after purchasing an additional 1,107 shares during the period. FCG Advisors LLC increased its holdings in Cisco Systems by 7.9% in the first quarter. FCG Advisors LLC now owns 15,574 shares of the network equipment provider’s stock valued at $668,000 after purchasing an additional 1,140 shares during the period. Neumann Capital Management LLC increased its holdings in Cisco Systems by 6.8% in the first quarter. Neumann Capital Management LLC now owns 18,437 shares of the network equipment provider’s stock valued at $791,000 after purchasing an additional 1,167 shares during the period. Finally, Ballast Inc. increased its holdings in Cisco Systems by 6.6% in the first quarter. Ballast Inc. now owns 18,810 shares of the network equipment provider’s stock valued at $807,000 after purchasing an additional 1,172 shares during the period. Institutional investors and hedge funds own 77.40% of the company’s stock.

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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