Cisco Systems (CSCO) Given Buy Rating at Robert W. Baird

Cisco Systems (NASDAQ:CSCO)‘s stock had its “buy” rating restated by equities researchers at Robert W. Baird in a research report issued on Tuesday. They currently have a $53.00 price target on the network equipment provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 11.39% from the company’s previous close.

Several other analysts have also commented on CSCO. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Deutsche Bank increased their price objective on shares of Cisco Systems from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 15th. Credit Suisse Group increased their price objective on shares of Cisco Systems from $43.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, November 15th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Cisco Systems in a report on Thursday, November 15th. Finally, Loop Capital raised shares of Cisco Systems from a “hold” rating to a “positive” rating and set a $45.00 price objective on the stock in a report on Thursday, November 15th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $51.05.

CSCO stock opened at $47.58 on Tuesday. The firm has a market cap of $227.34 billion, a P/E ratio of 20.33, a PEG ratio of 2.76 and a beta of 1.16. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42. Cisco Systems has a one year low of $40.19 and a one year high of $49.47.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $12.86 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Research analysts predict that Cisco Systems will post 2.7 earnings per share for the current year.

In other news, Director M Michele Burns sold 4,744 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $44.06, for a total value of $209,020.64. Following the transaction, the director now directly owns 74,164 shares of the company’s stock, valued at $3,267,665.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark D. Chandler sold 4,373 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $44.89, for a total transaction of $196,303.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 166,067 shares of company stock worth $7,804,662. Insiders own 0.03% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC purchased a new position in Cisco Systems during the fourth quarter worth about $29,000. Horan Securities Inc. raised its stake in Cisco Systems by 663.0% during the fourth quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock worth $33,000 after purchasing an additional 663 shares during the period. Portfolio Solutions LLC purchased a new position in Cisco Systems during the fourth quarter worth about $48,000. Contravisory Investment Management Inc. purchased a new position in Cisco Systems during the fourth quarter worth about $49,000. Finally, Highwater Wealth Management LLC purchased a new position in Cisco Systems during the fourth quarter worth about $51,000. 70.62% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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