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

  • 9/19/2016 – Cisco Systems had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co.. They now have a $36.50 price target on the stock, up previously from $34.00.
  • 9/16/2016 – Cisco Systems had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $35.00 price target on the stock.
  • 9/14/2016 – Cisco Systems had its price target raised by analysts at Deutsche Bank AG from $35.00 to $37.00. They now have a “buy” rating on the stock.
  • 9/14/2016 – Cisco Systems was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $33.17 price target on the stock.
  • 9/13/2016 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $32.05 price target on the stock.
  • 9/7/2016 – Cisco Systems was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $33.45 price target on the stock.
  • 9/6/2016 – Cisco Systems had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $35.00 price target on the stock.
  • 9/5/2016 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $32.71 price target on the stock.
  • 9/4/2016 – Cisco Systems had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $35.00 price target on the stock.
  • 8/29/2016 – Cisco Systems had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $35.00 price target on the stock.
  • 8/29/2016 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $32.71 price target on the stock.
  • 8/22/2016 – Cisco Systems was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $31.92 price target on the stock.
  • 8/19/2016 – Cisco Systems had its price target raised by analysts at Argus from $34.00 to $37.00. They now have a “buy” rating on the stock.
  • 8/18/2016 – Cisco Systems had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $32.00 price target on the stock.
  • 8/18/2016 – Cisco Systems had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $35.00 price target on the stock.
  • 8/18/2016 – Cisco Systems had its price target raised by analysts at Credit Suisse Group AG from $24.00 to $25.00. They now have an “underperform” rating on the stock.
  • 8/18/2016 – Cisco Systems had its price target raised by analysts at Morgan Stanley from $28.00 to $30.00. They now have an “equal weight” rating on the stock.
  • 8/18/2016 – Cisco Systems had its “outperform” rating reaffirmed by analysts at William Blair.
  • 8/18/2016 – Cisco Systems had its price target raised by analysts at Piper Jaffray Cos. from $30.00 to $34.00. They now have an “overweight” rating on the stock.
  • 8/18/2016 – Cisco Systems had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $35.00 price target on the stock.
  • 8/18/2016 – Cisco Systems had its “market perform” rating reaffirmed by analysts at JMP Securities.
  • 8/18/2016 – Cisco Systems had its price target raised by analysts at Pacific Crest from $30.00 to $33.00. They now have an “overweight” rating on the stock.
  • 8/18/2016 – Cisco Systems had its “hold” rating reaffirmed by analysts at Wunderlich. They now have a $27.00 price target on the stock.
  • 8/18/2016 – Cisco Systems had its price target raised by analysts at KeyCorp from $30.00 to $33.00. They now have an “overweight” rating on the stock.
  • 8/18/2016 – Cisco Systems had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 8/18/2016 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $31.55 price target on the stock.
  • 8/17/2016 – Cisco Systems had its price target raised by analysts at Jefferies Group from $30.75 to $35.00. They now have a “buy” rating on the stock.
  • 8/17/2016 – Cisco Systems had its “hold” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 8/17/2016 – Cisco Systems had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $35.00 price target on the stock.
  • 8/16/2016 – Cisco Systems had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $36.00 price target on the stock.
  • 8/15/2016 – Cisco Systems had its price target raised by analysts at Barclays PLC from $31.00 to $34.00. They now have an “overweight” rating on the stock.
  • 8/15/2016 – Cisco Systems had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $28.00 price target on the stock.
  • 8/15/2016 – Cisco Systems had its price target raised by analysts at Cowen and Company from $39.00 to $40.00. They now have an “outperform” rating on the stock.
  • 8/11/2016 – Cisco Systems had its “sell” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $24.00 price target on the stock.
  • 8/9/2016 – Cisco Systems had its price target raised by analysts at Citigroup Inc. from $30.00 to $35.00. They now have a “buy” rating on the stock.
  • 8/5/2016 – Cisco Systems had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $34.00 price target on the stock, up previously from $30.00.
  • 8/4/2016 – Cisco Systems had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • 7/28/2016 – Cisco Systems had its price target raised by analysts at Royal Bank Of Canada from $33.00 to $35.00. They now have an “outperform” rating on the stock.
  • 7/28/2016 – Cisco Systems had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $35.00 price target on the stock, up previously from $33.00.

Shares of Cisco Systems Inc. (NASDAQ:CSCO) traded down 0.76% on Friday, hitting $31.42. 9,287,071 shares of the company traded hands. The company has a market capitalization of $157.55 billion, a PE ratio of 14.89 and a beta of 1.37. Cisco Systems Inc. has a 12 month low of $22.46 and a 12 month high of $31.95. The stock’s 50-day moving average price is $31.16 and its 200-day moving average price is $29.13.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Cisco Systems had a net margin of 21.81% and a return on equity of 17.64%. The company had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the firm posted $0.59 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict that Cisco Systems Inc. will post $2.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, October 3rd. Cisco Systems’s dividend payout ratio is presently 49.06%.

In other Cisco Systems news, EVP Chris Dedicoat sold 60,000 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $30.87, for a total value of $1,852,200.00. Following the sale, the executive vice president now directly owns 214,605 shares of the company’s stock, valued at approximately $6,624,856.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Karen Walker sold 10,244 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $31.17, for a total transaction of $319,305.48. Following the completion of the sale, the senior vice president now directly owns 138,625 shares in the company, valued at $4,320,941.25. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

5 Day Chart for NASDAQ:CSCO

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