Cisco Systems, Inc. (CSCO) Stock Rating Reaffirmed by UBS AG
Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock had its “buy” rating reiterated by equities researchers at UBS AG in a research note issued on Thursday. They currently have a $39.00 price objective on the network equipment provider’s stock. UBS AG’s target price suggests a potential upside of 8.64% from the stock’s current price.
A number of other research firms have also recently issued reports on CSCO. Royal Bank Of Canada restated a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Wednesday. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price on the stock. in a research note on Monday, September 25th. Stifel Nicolaus set a $34.00 target price on shares of Cisco Systems and gave the company a “hold” rating in a research note on Tuesday, August 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.67.
Cisco Systems (NASDAQ CSCO) opened at $35.90 on Thursday. Cisco Systems has a 52-week low of $29.12 and a 52-week high of $36.67. The stock has a market cap of $177,670.00, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.03 and a quick ratio of 2.98.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities research analysts expect that Cisco Systems will post 2.18 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Cisco Systems, Inc. (CSCO) Stock Rating Reaffirmed by UBS AG” was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/11/18/cisco-systems-inc-csco-stock-rating-reaffirmed-by-ubs-ag.html.
In other news, SVP Karen Walker sold 23,110 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $740,906.60. Following the sale, the senior vice president now owns 192,774 shares of the company’s stock, valued at $6,180,334.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the sale, the insider now directly owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. In the last three months, insiders sold 485,138 shares of company stock worth $15,347,574. Insiders own 0.05% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CSCO. Boston Partners increased its stake in Cisco Systems by 304.2% in the 1st quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after buying an additional 23,002,159 shares during the period. Ameriprise Financial Inc. increased its stake in Cisco Systems by 23.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock worth $2,109,614,000 after buying an additional 11,972,070 shares during the period. Stifel Financial Corp increased its stake in Cisco Systems by 6,109.5% in the 3rd quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock worth $273,977,000 after buying an additional 8,016,561 shares during the period. Vanguard Group Inc. increased its stake in Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after buying an additional 7,411,891 shares during the period. Finally, American Century Companies Inc. increased its stake in Cisco Systems by 54.2% in the 2nd quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock worth $449,544,000 after buying an additional 5,049,326 shares during the period. 75.22% of the stock is currently owned by institutional investors.
Cisco Systems Company Profile
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).
Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.