Recent Research Analysts’ Ratings Changes for Cisco Systems (CSCO)

Several analysts have recently updated their ratings and price targets for Cisco Systems (NASDAQ: CSCO):

  • 5/16/2019 – Cisco Systems had its price target raised by analysts at Piper Jaffray Companies from $52.00 to $58.00. They now have an “overweight” rating on the stock.
  • 5/16/2019 – Cisco Systems had its “outperform” rating reaffirmed by analysts at William Blair.
  • 5/16/2019 – Cisco Systems had its price target raised by analysts at MKM Partners to $56.00. They now have a “neutral” rating on the stock.
  • 5/16/2019 – Cisco Systems had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $52.00 price target on the stock, up previously from $47.00.
  • 5/16/2019 – Cisco Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cisco reported stellar third-quarter results. Moreover, both top and bottom line increased year over year. Strength witnessed in the company’s Security and Applications segments drove year-over-year growth. Order strength and improving traction of the subscription-based model were other tailwinds. Strong contribution from security, Infrastructure Platforms and applications is a positive. Order strength and improving traction of the subscription-based model are other tailwinds. Strengthening collaboration portfolio which now includes Webex Teams and Accompany bodes well. Further, buyout of Duo Security and Luxtera should help the company expand its IT and data center clientele. However, weakness in switching and routing is a headwind. Arista’s intention of manufacturing switches that connect campus networks is likely to hurt Cisco as it holds a dominant position in that market.”
  • 5/16/2019 – Cisco Systems had its price target raised by analysts at Morgan Stanley from $49.00 to $51.00. They now have an “equal weight” rating on the stock.
  • 5/16/2019 – Cisco Systems had its price target raised by analysts at Jefferies Financial Group Inc from $55.00 to $62.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/7/2019 – Cisco Systems was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 4/26/2019 – Cisco Systems had its price target raised by analysts at Oppenheimer Holdings Inc. from $52.00 to $60.00. They now have an “outperform” rating on the stock.
  • 4/16/2019 – Cisco Systems was downgraded by analysts at Goldman Sachs Group Inc from a “conviction-buy” rating to a “buy” rating. They now have a $62.00 price target on the stock, up previously from $58.00.
  • 3/25/2019 – Cisco Systems had its price target raised by analysts at KeyCorp from $55.00 to $58.00. They now have an “overweight” rating on the stock.

Cisco Systems stock traded up $0.65 during mid-day trading on Friday, reaching $56.58. The company had a trading volume of 19,628,091 shares, compared to its average volume of 19,828,814. Cisco Systems, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $57.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.80 and a quick ratio of 1.74. The firm has a market capitalization of $252.63 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.73 and a beta of 1.21.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 15th. The network equipment provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Cisco Systems had a net margin of 25.76% and a return on equity of 28.86%. The firm had revenue of $12.96 billion for the quarter, compared to analyst estimates of $12.89 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Cisco Systems, Inc. will post 2.75 earnings per share for the current year.

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $49.66, for a total value of $744,900.00. Following the sale, the director now owns 102,898 shares in the company, valued at $5,109,914.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Goeckeler sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $52.07, for a total transaction of $1,562,100.00. Following the completion of the sale, the executive vice president now owns 419,439 shares in the company, valued at approximately $21,840,188.73. The disclosure for this sale can be found here. Insiders sold 115,000 shares of company stock worth $5,926,000 in the last 90 days. Company insiders own 0.03% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Rossmore Private Capital boosted its stake in shares of Cisco Systems by 33.4% in the 3rd quarter. Rossmore Private Capital now owns 29,432 shares of the network equipment provider’s stock valued at $1,432,000 after buying an additional 7,371 shares during the period. Russell Investments Group Ltd. lifted its stake in Cisco Systems by 1.9% during the third quarter. Russell Investments Group Ltd. now owns 2,876,274 shares of the network equipment provider’s stock worth $139,681,000 after purchasing an additional 54,750 shares during the last quarter. Blue Chip Partners Inc. lifted its stake in Cisco Systems by 1.2% during the third quarter. Blue Chip Partners Inc. now owns 224,459 shares of the network equipment provider’s stock worth $10,920,000 after purchasing an additional 2,612 shares during the last quarter. First Command Financial Services Inc. lifted its stake in Cisco Systems by 10,251.0% during the third quarter. First Command Financial Services Inc. now owns 20,702 shares of the network equipment provider’s stock worth $1,007,000 after purchasing an additional 20,502 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. purchased a new stake in Cisco Systems during the third quarter worth approximately $4,439,000. Hedge funds and other institutional investors own 69.04% of the company’s stock.

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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