Cisco Systems Lowered to Hold at Standpoint Research (CSCO) - InvestingChannel

Cisco Systems Lowered to Hold at Standpoint Research (CSCO)

Cisco Systems opened at 21.88 on Tuesday. Cisco Systems has a 52-week low of $14.96 and a 52-week high of $21.98. The stock?s 50-day moving average is currently $21.04. The company has a market cap of $116.7 billion and a price-to-earnings ratio of 12.58.

Cisco Systems last announced its earnings results on Wednesday, February 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $12.10 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same quarter last year, the company posted $0.47 earnings per share. Cisco Systems?s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Cisco Systems will post $1.99 EPS for the current fiscal year.

CSCO has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an ?outperform? rating on shares of Cisco Systems in a research note to investors on Tuesday, March 5th. They now have a $24.00 price target on the stock. Separately, analysts at TheStreet reiterated a ?buy? rating on shares of Cisco Systems in a research note to investors on Friday, March 1st. Finally, analysts at S&P Equity Research raised their price target on shares of Cisco Systems from $24.00 to $25.00 in a research note to investors on Tuesday, February 19th. They now have a ?buy? rating on the stock.

Twenty-seven investment analysts have rated the stock with a buy rating, four have given an overweight rating, nine have assigned a hold rating, one has issued an underweight rating, and two have issued a sell rating to the stock. The stock has an average rating of ?overweight? and a consensus target price of $23.44.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.