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

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Cisco Systems (NASDAQ:CSCO)‘s stock had its “buy” rating reiterated by Robert W. Baird in a note issued to investors on Monday, AnalystRatings.com reports. They presently have a $57.00 target price on the network equipment provider’s stock. Robert W. Baird’s price target indicates a potential upside of 8.12% from the stock’s current price.

Other analysts have also recently issued reports about the company. MKM Partners raised their price objective on Cisco Systems to $56.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Tigress Financial reissued a “buy” rating on shares of Cisco Systems in a report on Thursday, June 27th. Barclays started coverage on Cisco Systems in a report on Wednesday, August 7th. They set an “equal weight” rating and a $52.00 price target for the company. ValuEngine cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, UBS Group set a $61.00 price target on Cisco Systems and gave the stock a “buy” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $56.24.

CSCO opened at $52.72 on Monday. Cisco Systems has a 12-month low of $40.25 and a 12-month high of $58.26. The firm has a market capitalization of $224.44 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.41 and a beta of 1.18. The company has a 50 day simple moving average of $55.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.69.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. Cisco Systems had a return on equity of 29.88% and a net margin of 25.76%. The company had revenue of $12.96 billion during the quarter, compared to analysts’ expectations of $12.89 billion. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. As a group, analysts forecast that Cisco Systems will post 2.8 earnings per share for the current year.

In other Cisco Systems news, Director Steven M. West sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $56.21, for a total transaction of $1,124,200.00. Following the transaction, the director now owns 5,263 shares in the company, valued at approximately $295,833.23. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Chandler sold 3,750 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $55.79, for a total value of $209,212.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,129 shares of company stock worth $5,159,754. Corporate insiders own 0.03% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Lavaca Capital LLC purchased a new position in Cisco Systems during the 4th quarter worth $618,000. Winthrop Partners WNY LLC raised its position in Cisco Systems by 68.4% during the 4th quarter. Winthrop Partners WNY LLC now owns 45,707 shares of the network equipment provider’s stock worth $1,980,000 after buying an additional 18,567 shares during the last quarter. Benin Management CORP raised its position in Cisco Systems by 12.7% during the 4th quarter. Benin Management CORP now owns 52,370 shares of the network equipment provider’s stock worth $2,269,000 after buying an additional 5,905 shares during the last quarter. Somerset Trust Co raised its position in Cisco Systems by 0.4% during the 4th quarter. Somerset Trust Co now owns 120,343 shares of the network equipment provider’s stock worth $5,213,000 after buying an additional 487 shares during the last quarter. Finally, Horan Securities Inc. raised its position in Cisco Systems by 663.0% during the 4th quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock worth $33,000 after buying an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.

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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