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

Cisco Systems (NASDAQ: CSCO) has recently received a number of price target changes and ratings updates:

  • 10/31/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $36.00 price target on the stock.
  • 10/24/2017 – Cisco Systems had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 10/24/2017 – Cisco Systems had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a $33.00 price target on the stock.
  • 10/23/2017 – Cisco Systems had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $32.00 price target on the stock.
  • 10/20/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $36.00 price target on the stock.
  • 10/17/2017 – Cisco Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cisco's expanding footprint in the rapidly growing security market presents significant growth opportunity. Further, the company’s focus on driving cost improvement, operational efficiencies and productivity will help in margin expansion. Additionally, partnerships with Telenor, Apple, IBM and Microsoft are positive in our view. Moreover, the recently updated ACI solution will boost expertise in the SDN market. On a year-to-date basis, the company has outperformed the industry it belongs to. However, top-line will continue suffer from intensifying competition, slowing order growth from service providers and challenges in the emerging markets. We continue to believe that the time-consuming transition to subscription-based business model will hurt top line growth at least in the near term.”
  • 10/12/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $36.00 price target on the stock.
  • 10/11/2017 – Cisco Systems was given a new $33.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/6/2017 – Cisco Systems had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $35.00 price target on the stock.
  • 10/6/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $37.00 price target on the stock.
  • 9/28/2017 – Cisco Systems had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $32.00 price target on the stock.
  • 9/26/2017 – Cisco Systems was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/25/2017 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $34.13 price target on the stock.
  • 9/25/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $36.00 price target on the stock.
  • 9/19/2017 – Cisco Systems had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 9/13/2017 – Cisco Systems was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $36.12 price target on the stock.
  • 9/11/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $38.00 price target on the stock.
  • 9/8/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 9/6/2017 – Cisco Systems was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $35.02 price target on the stock.
  • 9/6/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $40.00 price target on the stock.

Shares of Cisco Systems, Inc. (CSCO) opened at 34.15 on Wednesday. The stock has a market cap of $169.11 billion, a price-to-earnings ratio of 17.97 and a beta of 1.21. The stock’s 50 day moving average is $33.49 and its 200-day moving average is $32.41. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.73.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $12.13 billion during the quarter, compared to analysts’ expectations of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, analysts anticipate that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. Cisco Systems’s payout ratio is currently 60.73%.

In other news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the transaction, the insider now directly owns 729,305 shares in the company, valued at $22,710,557.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $32.43, for a total value of $2,107,950.00. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock valued at $15,347,574 in the last ninety days. Company insiders own 0.05% of the company’s stock.

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).

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