Cisco Systems, Inc. (NASDAQ:CSCO) Lowered to “Hold” at Vetr Inc.

Cisco Systems, Inc. (NASDAQ:CSCO) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They currently have a $33.12 price target on the network equipment provider’s stock. Vetr‘s price target points to a potential upside of 3.95% from the company’s current price.

A number of other research firms have also recently weighed in on CSCO. BMO Capital Markets cut Cisco Systems from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $37.00 to $35.00 in a report on Tuesday, May 9th. Drexel Hamilton restated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a report on Tuesday, May 16th. Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a report on Monday, May 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price target (down previously from $37.00) on shares of Cisco Systems in a report on Thursday, May 18th. Finally, Berenberg Bank began coverage on Cisco Systems in a report on Tuesday, April 4th. They issued a “hold” rating and a $35.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.31.

Cisco Systems (NASDAQ CSCO) traded up 0.06% during trading on Monday, hitting $31.86. The stock had a trading volume of 15,504,103 shares. The company has a market cap of $159.30 billion, a PE ratio of 16.17 and a beta of 1.24. The company’s 50 day moving average is $31.56 and its 200-day moving average is $32.39. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $34.60.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $11.94 billion for the quarter, compared to analysts’ expectations of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, equities research analysts predict that Cisco Systems will post $2.38 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/2750235/cisco-systems-inc-nasdaqcsco-lowered-to-hold-at-vetr-inc-2.html.

In other news, insider John T. Chambers sold 295,537 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total transaction of $9,315,326.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total value of $244,124.58. Following the sale, the senior vice president now owns 178,577 shares of the company’s stock, valued at $5,587,674.33. The disclosure for this sale can be found here. Insiders have sold 396,179 shares of company stock valued at $12,503,407 over the last 90 days. Insiders own 0.11% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Barings LLC boosted its position in shares of Cisco Systems by 14.9% in the fourth quarter. Barings LLC now owns 254,366 shares of the network equipment provider’s stock valued at $7,687,000 after buying an additional 32,900 shares during the last quarter. Santa Barbara Asset Management LLC bought a new position in shares of Cisco Systems during the fourth quarter valued at approximately $58,476,000. Mayo Investment Advisers LLC boosted its position in shares of Cisco Systems by 12.2% in the fourth quarter. Mayo Investment Advisers LLC now owns 456,250 shares of the network equipment provider’s stock valued at $13,788,000 after buying an additional 49,450 shares during the last quarter. Asset Management Group Inc. boosted its position in shares of Cisco Systems by 0.8% in the fourth quarter. Asset Management Group Inc. now owns 13,196 shares of the network equipment provider’s stock valued at $399,000 after buying an additional 107 shares during the last quarter. Finally, First Hawaiian Bank bought a new position in shares of Cisco Systems during the first quarter valued at approximately $215,000. Institutional investors own 75.39% of the company’s stock.

About Cisco Systems

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)

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.