Cisco Systems (NASDAQ: CSCO) received a number of ratings updates from brokerages and research firms in the last week:

  • Cisco Systems had its “sector perform” rating reaffirmed by analysts at RBC Capital. They now have a $20.00 price target on the stock.
  • Cisco Systems had its “buy” rating reaffirmed by analysts at Topeka Capital. They now have a $23.00 price target on the stock.
  • Cisco Systems had its “buy” rating reaffirmed by analysts at Argus.
  • Cisco Systems had its “conviction buy” rating reaffirmed by analysts at Goldman Sachs. They now have a $24.00 price target on the stock.
  • Cisco Systems had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $22.00 price target on the stock. They wrote, “A full 50% of Cisco partners report business has been above plan the last 3 months, 44% were on planand just 7% were below plan. Furthermore, resellers report growth expectations in ’12 and ’13 are higher today than they were 3 months ago. Therefore, we believe improving demand Cisco reported in 2H FQ4 is continuing. Based on our checks U.S. Fed is stronger than seasonal in what is already a seasonally strong quarter, compared to declining order momentum in the last two quarters of (11%) and (8%) y/y order growth. We believe EMEA remains a weak spot, while U.S. momentum could tail-off towards the end of the quarter since our survey only covers 1H FQ1. However, since typical Cisco quarters are back-end loaded, we view a strong start to the quarter as a positive sign.”
  • Cisco Systems had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $25.00 price target on the stock.
  • Cisco Systems is now covered by analysts at Oracle Investment Research. They set a “buy” rating and a $26.00 price target on the stock.
  • Cisco Systems was upgraded by analysts at MKM Partners from a “neutral” rating to a “buy” rating. They now have a $24.00 price target on the stock, up previously from $20.00.

Cisco Systems, Inc. traded up 0.45% on Wednesday, hitting $18.955. Cisco Systems, Inc. has a 1-year low of $14.96 and a 1-year high of $21.30. The company has a market cap of $100.3 billion and a price-to-earnings ratio of 12.66.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.