Cisco Systems (NASDAQ: CSCO) was downgraded by investment analysts at Standpoint Research to a “hold” rating in a note issued to investors on Tuesday.

Cisco Systems opened at 21.88 on Tuesday. Cisco Systems has a 1-year low of $14.96 and a 1-year high of $21.98. The stock’s 50-day moving average is currently $21.04. The company has a market cap of $116.7 billion and a price-to-earnings ratio of 12.58.

Cisco Systems last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $12.10 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same quarter last year, the company posted $0.47 earnings per share. Cisco Systems’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Cisco Systems will post $1.99 EPS for the current fiscal year.

A number of other firms have also recently commented on CSCO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Cisco Systems in a research note to investors on Tuesday, March 5th. They now have a $24.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Cisco Systems in a research note to investors on Friday, March 1st. Finally, analysts at S&P Equity Research raised their price target on shares of Cisco Systems from $24.00 to $25.00 in a research note to investors on Tuesday, February 19th. They now have a “buy” rating on the stock.

Twenty-seven analysts have rated the stock with a buy rating, four have given an overweight rating, nine have given a hold rating, one has assigned an underweight rating, and two have given a sell rating to the company’s stock. The company presently has a consensus rating of “overweight” and a consensus target price of $23.44.

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.

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