A number of research firms have changed their ratings and price targets for Cisco Systems (NASDAQ: CSCO):

  • 9/28/2017 – Cisco Systems had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $32.00 price target on the stock.
  • 9/26/2017 – Cisco Systems was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/25/2017 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $34.13 price target on the stock.
  • 9/25/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $36.00 price target on the stock.
  • 9/19/2017 – Cisco Systems had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 9/13/2017 – Cisco Systems was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $36.12 price target on the stock.
  • 9/11/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $38.00 price target on the stock.
  • 9/8/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 9/6/2017 – Cisco Systems was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $35.02 price target on the stock.
  • 9/6/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $40.00 price target on the stock.
  • 8/31/2017 – Cisco Systems had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 8/30/2017 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $33.18 price target on the stock.
  • 8/28/2017 – Cisco Systems was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/20/2017 – Cisco Systems had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $38.00 price target on the stock.
  • 8/20/2017 – Cisco Systems had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $36.00 price target on the stock.
  • 8/19/2017 – Cisco Systems had its “outperform” rating reaffirmed by analysts at William Blair.
  • 8/18/2017 – Cisco Systems had its “neutral” rating reaffirmed by analysts at Bank of America Corporation. They now have a $35.00 price target on the stock.
  • 8/18/2017 – Cisco Systems had its “market perform” rating reaffirmed by analysts at JMP Securities.
  • 8/17/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $38.00 price target on the stock.
  • 8/17/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $36.00 price target on the stock.
  • 8/17/2017 – Cisco Systems had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $39.00 price target on the stock. They wrote, “ho-hum”
  • 8/17/2017 – Cisco Systems was given a new $33.00 price target on by analysts at Berenberg Bank. They now have a “hold” rating on the stock.
  • 8/16/2017 – Cisco Systems had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $39.00 price target on the stock.
  • 8/16/2017 – Cisco Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $33.18 price target on the stock.
  • 8/16/2017 – Cisco Systems was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/15/2017 – Cisco Systems was given a new $34.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 8/15/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $39.00 price target on the stock.
  • 8/10/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Credit Suisse Group.
  • 8/8/2017 – Cisco Systems had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $40.00 price target on the stock.
  • 8/7/2017 – Cisco Systems was given a new $38.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.

Shares of Cisco Systems, Inc. (CSCO) traded up 0.30% during midday trading on Tuesday, reaching $33.85. 13,291,037 shares of the company were exchanged. The firm has a market capitalization of $167.62 billion, a P/E ratio of 17.82 and a beta of 1.21. The firm has a 50-day moving average of $32.18 and a 200 day moving average of $32.36. Cisco Systems, Inc. has a 52 week low of $29.12 and a 52 week high of $34.60.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. During the same period last year, the business posted $0.63 earnings per share. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $1.16 annualized dividend and a yield of 3.44%. Cisco Systems’s dividend payout ratio is currently 60.73%.

In related news, CEO Charles Robbins sold 121,390 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the completion of the sale, the chief executive officer now directly owns 552,694 shares of the company’s stock, valued at approximately $17,719,369.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total value of $7,785,000.00. Following the completion of the sale, the insider now directly owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The disclosure for this sale can be found here. Insiders sold 485,138 shares of company stock worth $15,347,574 over the last quarter. 0.11% of the stock is currently owned by insiders.

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).

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