Cisco Systems, Inc. (CSCO) Stock Rating Reaffirmed by Robert W. Baird
Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock had its “outperform” rating reiterated by research analysts at Robert W. Baird in a report released on Tuesday. They currently have a $35.00 target price on the network equipment provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 11.93% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Cisco Systems in a research report on Monday. OTR Global raised Cisco Systems from a “mixed” rating to a “positive” rating in a research report on Thursday, February 2nd. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $31.84 price objective on the stock in a research report on Wednesday, February 1st. Pacific Crest reaffirmed an “overweight” rating on shares of Cisco Systems in a research report on Tuesday, January 31st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Cisco Systems in a research report on Saturday, January 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and a consensus target price of $33.04.
Cisco Systems (NASDAQ:CSCO) traded up 0.592% during trading on Tuesday, reaching $31.455. The company’s stock had a trading volume of 3,973,828 shares. The company has a market cap of $157.90 billion, a PE ratio of 15.050 and a beta of 1.36. The stock has a 50-day moving average price of $30.52 and a 200 day moving average price of $30.72. Cisco Systems has a 52-week low of $24.09 and a 52-week high of $31.95.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.34 billion. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. On average, analysts expect that Cisco Systems will post $2.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 25th. Investors of record on Friday, January 6th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $1.04 dividend on an annualized basis and a yield of 3.33%. Cisco Systems’s dividend payout ratio is presently 49.52%.
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In related news, SVP Karen Walker sold 1,793 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $30.41, for a total transaction of $54,525.13. Following the completion of the transaction, the senior vice president now directly owns 183,275 shares in the company, valued at $5,573,392.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. VNBTrust National Association increased its position in Cisco Systems by 0.3% in the third quarter. VNBTrust National Association now owns 7,010 shares of the network equipment provider’s stock worth $222,000 after buying an additional 20 shares in the last quarter. Mercer Capital Advisers Inc. increased its position in Cisco Systems by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 4,760 shares of the network equipment provider’s stock worth $137,000 after buying an additional 35 shares in the last quarter. Ironwood Investment Management LLC increased its position in Cisco Systems by 0.3% in the third quarter. Ironwood Investment Management LLC now owns 13,894 shares of the network equipment provider’s stock worth $441,000 after buying an additional 36 shares in the last quarter. Partnervest Advisory Services LLC increased its position in Cisco Systems by 0.6% in the third quarter. Partnervest Advisory Services LLC now owns 11,782 shares of the network equipment provider’s stock worth $374,000 after buying an additional 74 shares in the last quarter. Finally, Nwam LLC increased its position in Cisco Systems by 0.3% in the third quarter. Nwam LLC now owns 29,628 shares of the network equipment provider’s stock worth $940,000 after buying an additional 87 shares in the last quarter. Institutional investors own 75.42% of the company’s stock.
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).
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