Company mean estimate for revenue for the ongoing quarter ending Oct 16 is $12.34B by 27 analysts. The total traded volume was 14,050,458 shares. Three months ago, analysts had the same long-term growth estimate at $7.59, on a consensus level. Jefferies Group reiterated a buy rating and issued a $35.00 price objective on shares of Cisco Systems in a report on Monday, August 29th. Parasol Investment Management LLC increased its stake in Cisco Systems by 94.1% in the second quarter. The stock was downgraded to Neutral from Buy, wrote analysts at Goldman, in a note issued to clients on Wednesday June 15, 2016. Cisco Systems makes up approx 0.22% of Granite Investment Partners’s portfolio.Raymond James Financial Services Advisors boosted its stake in CSCO in the latest quarter, The investment management firm added 80,629 additional shares and now holds a total of 986,171 shares of Cisco Systems which is valued at $30,443,099. This depreciation has taken its market cap to $159.94B and a price-to-earnings ratio to 15.07.
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Cisco Systems (NASDAQ:CSCO): stock was range-bound between the intraday low of $31.75 and the intraday high of $31.9336 after having opened at $31.79 on Wednesdays session. Cowen and Company upped their price objective on shares of Cisco Systems from $39.00 to $40.00 and gave the company an outperform rating in a report on Monday, August 15th. Analyst had a consensus of $0.60.
Vetr upgraded shares of Cisco Systems Inc. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range).
Investors considering CSCO stock at the going market price of $31.79/share should know the stock will next release quarterly results for the October 2016 quarter. The Company holds 5031.00 million shares outstanding. 0 analysts have suggested “Sell” for the company.
Many Wall Street Analysts have commented on Cisco Systems. Analyst expected twelve month price target of $32.35.
Earnings Roundup: In the last fiscal quarter alone, Cisco Systems, Inc. generated around $12.64B in revenue and net income of $0.63/share. Cisco Systems, Inc.’s 50-day moving average is $31.00 and its two hundred day moving average is $28.79. The mean price target is calculated keeping in view the consensus of 26 brokerage firms. The Company is engaged in designing manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. It groups its products and technologies into the various categories such as Switching Next-Generation Network (NGN) Routing Collaboration Service Provider Video Data Center Wireless Security and Other Products.
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Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet.
