Vetr downgraded shares of Cisco Systems (NASDAQ:CSCO) from a hold rating to a sell rating in a report issued on Wednesday. They currently have $35.93 price target on the network equipment provider’s stock.

Several other equities analysts have also issued reports on the stock. Sanford C. Bernstein reissued a buy rating and issued a $40.00 price target on shares of Cisco Systems in a report on Monday. Argus boosted their price target on shares of Cisco Systems from $41.00 to $44.00 and gave the company a buy rating in a report on Friday, November 17th. Cowen reissued a buy rating on shares of Cisco Systems in a report on Friday, November 17th. MKM Partners boosted their price target on shares of Cisco Systems to $38.00 and gave the company a neutral rating in a report on Thursday, November 16th. Finally, Robert W. Baird reaffirmed a buy rating on shares of Cisco Systems in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $36.80.

Cisco Systems (CSCO) opened at $37.48 on Wednesday. Cisco Systems has a fifty-two week low of $29.12 and a fifty-two week high of $38.03. The stock has a market cap of $186,522.86, a price-to-earnings ratio of 17.39, a PEG ratio of 3.41 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The firm’s revenue was down 1.7% on a year-over-year basis. sell-side analysts expect that Cisco Systems will post 2.21 earnings per share for the current fiscal year.

In other news, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the transaction, the chief accounting officer now directly owns 89,184 shares in the company, valued at approximately $3,254,324.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Karen Walker sold 23,110 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $740,906.60. Following the transaction, the senior vice president now owns 192,774 shares in the company, valued at $6,180,334.44. The disclosure for this sale can be found here. Insiders have sold a total of 493,530 shares of company stock worth $16,993,798 over the last 90 days. 0.05% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barnett & Company Inc. grew its position in shares of Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares in the last quarter. Tortoise Investment Management LLC grew its position in shares of Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after purchasing an additional 878 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of Cisco Systems during the 2nd quarter worth approximately $104,000. Grove Bank & Trust grew its position in shares of Cisco Systems by 141.3% during the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.

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About Cisco Systems

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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