Cisco Systems, Inc. (CSCO) Rating Reiterated by Royal Bank Of Canada

Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock had its “buy” rating reaffirmed by research analysts at Royal Bank Of Canada in a research note issued on Wednesday. They presently have a $36.00 target price on the network equipment provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 5.76% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Drexel Hamilton restated a “buy” rating and set a $39.00 price objective on shares of Cisco Systems in a report on Tuesday, August 15th. Credit Suisse Group restated a “buy” rating on shares of Cisco Systems in a report on Thursday, August 10th. Deutsche Bank AG restated a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a report on Tuesday, August 8th. Robert W. Baird set a $38.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC restated a “buy” rating and set a $37.00 price objective on shares of Cisco Systems in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have given a buy rating to the company. Cisco Systems presently has an average rating of “Buy” and an average target price of $35.31.

Shares of Cisco Systems (NASDAQ:CSCO) opened at $34.04 on Wednesday. Cisco Systems has a twelve month low of $29.12 and a twelve month high of $34.75. The company has a current ratio of 3.03, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The company has a market cap of $168,113.00, a price-to-earnings ratio of 15.65, a P/E/G ratio of 2.97 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. During the same period last year, the business posted $0.63 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. analysts predict that Cisco Systems will post 2.18 EPS for the current year.

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In related news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred 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 sale, the insider now directly owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Robbins sold 121,390 shares of Cisco Systems stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the sale, the chief executive officer now directly owns 552,694 shares in the company, valued at $17,719,369.64. The disclosure for this sale can be found here. Insiders have sold a total of 485,138 shares of company stock worth $15,347,574 over the last ninety days. 0.05% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Beacon Investment Advisory Services Inc. grew its holdings in Cisco Systems by 638.8% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 194,308 shares of the network equipment provider’s stock worth $6,534,000 after acquiring an additional 168,007 shares during the last quarter. Foyston Gordon & Payne Inc grew its holdings in Cisco Systems by 29.3% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 414,730 shares of the network equipment provider’s stock worth $13,947,000 after acquiring an additional 93,960 shares during the last quarter. Capital Bank & Trust Co grew its holdings in Cisco Systems by 1.5% during the 3rd quarter. Capital Bank & Trust Co now owns 1,772,799 shares of the network equipment provider’s stock worth $59,619,000 after acquiring an additional 26,858 shares during the last quarter. Vident Investment Advisory LLC grew its holdings in Cisco Systems by 30.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 111,320 shares of the network equipment provider’s stock worth $3,744,000 after acquiring an additional 25,975 shares during the last quarter. Finally, Mastrapasqua Asset Management Inc. grew its holdings in Cisco Systems by 27.0% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 23,455 shares of the network equipment provider’s stock worth $789,000 after acquiring an additional 4,985 shares during the last quarter. 75.22% of the stock is currently owned by hedge funds and other 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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