Cisco Systems (NASDAQ:CSCO) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Monday. The brokerage presently has a $44.13 target price on the network equipment provider’s stock. Vetr‘s price objective indicates a potential upside of 7.03% from the company’s previous close.

A number of other analysts also recently issued reports on CSCO. Goldman Sachs Group assumed coverage on Cisco Systems in a research report on Wednesday, February 7th. They issued a “buy” rating and a $48.00 target price on the stock. Zacks Investment Research downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. ValuEngine raised Cisco Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Loop Capital assumed coverage on Cisco Systems in a research report on Monday, January 29th. They issued a “hold” rating and a $45.00 target price on the stock. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $43.00 target price (up previously from $39.00) on shares of Cisco Systems in a research report on Friday, January 19th. Eleven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $40.38.

Shares of Cisco Systems (NASDAQ CSCO) opened at $41.23 on Monday. The company has a market capitalization of $203,830.00, a PE ratio of 21.36, a PEG ratio of 3.55 and a beta of 1.23. Cisco Systems has a twelve month low of $30.36 and a twelve month high of $42.98. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. sell-side analysts anticipate that Cisco Systems will post 2.23 EPS for the current year.

In other news, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the completion of the sale, the chief accounting officer now owns 89,184 shares in the company, valued at $3,254,324.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Roderick C. Mcgeary sold 15,230 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total value of $578,740.00. Following the sale, the director now owns 113,154 shares of the company’s stock, valued at approximately $4,299,852. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 348,643 shares of company stock valued at $12,892,271. Corporate insiders own 0.05% of the company’s stock.

Several hedge funds have recently modified their holdings of CSCO. Bank of New York Mellon Corp boosted its stake in shares of Cisco Systems by 12.8% in the fourth quarter. Bank of New York Mellon Corp now owns 122,958,272 shares of the network equipment provider’s stock valued at $4,709,302,000 after buying an additional 13,927,416 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Cisco Systems by 23.6% in the third quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after buying an additional 11,972,070 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Cisco Systems by 91.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 19,498,882 shares of the network equipment provider’s stock valued at $746,806,000 after buying an additional 9,292,187 shares during the period. Stifel Financial Corp lifted its stake in Cisco Systems by 6,109.5% during the third quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock worth $273,977,000 after purchasing an additional 8,016,561 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after purchasing an additional 7,411,891 shares during the last quarter. Institutional investors and hedge funds own 75.42% 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).

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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