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.

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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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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