Cisco Systems (CSCO) Given “Buy” Rating at Jefferies Group

Cisco Systems (NASDAQ:CSCO)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Thursday. They presently have a $48.00 price target on the network equipment provider’s stock. Jefferies Group’s price target suggests a potential upside of 14.04% from the company’s current price.

CSCO has been the subject of several other research reports. Oppenheimer reiterated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research report on Friday, October 20th. Wells Fargo & Co reiterated an “outperform” rating and issued a $42.00 price target on shares of Cisco Systems in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, January 17th. Vetr upgraded Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 target price for the company in a research report on Wednesday, December 27th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.82.

Cisco Systems (CSCO) opened at $42.09 on Thursday. The company has a market capitalization of $203,825.53, a PE ratio of 21.81, a P/E/G ratio of 3.71 and a beta of 1.23. Cisco Systems has a 12-month low of $30.36 and a 12-month high of $42.98. 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 released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. During the same period last year, the company earned $0.57 earnings per share. analysts expect that Cisco Systems will post 2.23 EPS for the current year.

In related news, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the transaction, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rebecca Jacoby sold 75,021 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the completion of the transaction, the senior vice president now directly owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock valued at $12,892,271 in the last three months. 0.05% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Garland Capital Management Inc. increased its position in shares of Cisco Systems by 0.9% during the second quarter. Garland Capital Management Inc. now owns 137,526 shares of the network equipment provider’s stock worth $4,304,000 after purchasing an additional 1,250 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of Cisco Systems by 141.3% during the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 2,120 shares during the last quarter. Edge Wealth Management LLC grew its holdings in shares of Cisco Systems by 31.7% during the second quarter. Edge Wealth Management LLC now owns 392,608 shares of the network equipment provider’s stock valued at $12,210,000 after buying an additional 94,498 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in shares of Cisco Systems by 5.0% during the second quarter. Ironwood Investment Management LLC now owns 14,751 shares of the network equipment provider’s stock valued at $462,000 after buying an additional 701 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Cisco Systems by 38.6% during the second quarter. Daiwa Securities Group Inc. now owns 366,531 shares of the network equipment provider’s stock valued at $11,473,000 after buying an additional 102,021 shares during the last quarter. 75.42% of the stock is owned by institutional investors.

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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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