S&P 500   4,591.67
DOW   35,227.03
QQQ   386.20
S&P 500   4,591.67
DOW   35,227.03
QQQ   386.20
S&P 500   4,591.67
DOW   35,227.03
QQQ   386.20
S&P 500   4,591.67
DOW   35,227.03
QQQ   386.20

Cisco Systems, Inc. (NASDAQ:CSCO) Given Average Rating of "Hold" by Analysts

Last updated on Wednesday, November 24, 2021 | 2021 MarketBeat

Cisco Systems, Inc. (NASDAQ:CSCO) has been given a consensus recommendation of "Hold" by the twenty-one analysts that are presently covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $62.24.

Several equities research analysts have recently weighed in on CSCO shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Cisco Systems in a research report on Thursday, September 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cisco Systems from $55.00 to $59.00 and gave the stock a "hold" rating in a research report on Tuesday, August 24th. Credit Suisse Group lowered their price target on shares of Cisco Systems from $74.00 to $73.00 and set an "outperform" rating for the company in a research report on Thursday, November 18th. Barclays upped their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, August 19th. They noted that the move was a valuation call. Finally, Citigroup increased their target price on shares of Cisco Systems from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, August 19th.

Cisco Systems stock opened at $55.30 on Wednesday. The stock has a market cap of $233.23 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.48 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.62 and a quick ratio of 1.54. Cisco Systems has a 1 year low of $41.90 and a 1 year high of $60.27. The firm has a 50-day moving average of $55.85 and a two-hundred day moving average of $55.24.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Tuesday, November 16th. The network equipment provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.02. The company had revenue of $12.90 billion during the quarter, compared to analysts' expectations of $12.98 billion. Cisco Systems had a net margin of 22.44% and a return on equity of 30.59%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. Research analysts expect that Cisco Systems will post 3.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 27th. Shareholders of record on Tuesday, October 5th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, October 4th. This represents a $1.48 dividend on an annualized basis and a yield of 2.68%. Cisco Systems's payout ratio is 55.02%.

In other Cisco Systems news, SVP Prat Bhatt sold 468 shares of the company's stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $58.35, for a total transaction of $27,307.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.02% of the company's stock.

Several large investors have recently added to or reduced their stakes in CSCO. McCarthy Asset Management Inc. increased its stake in shares of Cisco Systems by 87.8% in the second quarter. McCarthy Asset Management Inc. now owns 494 shares of the network equipment provider's stock worth $26,000 after acquiring an additional 231 shares during the period. Evolution Wealth Advisors LLC grew its position in Cisco Systems by 143.9% during the third quarter. Evolution Wealth Advisors LLC now owns 517 shares of the network equipment provider's stock valued at $28,000 after buying an additional 305 shares during the period. Lion Street Advisors LLC acquired a new stake in Cisco Systems during the second quarter valued at $32,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its position in Cisco Systems by 63.9% during the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 590 shares of the network equipment provider's stock valued at $32,000 after buying an additional 230 shares during the period. Finally, Cranbrook Wealth Management LLC grew its position in Cisco Systems by 41.9% during the third quarter. Cranbrook Wealth Management LLC now owns 627 shares of the network equipment provider's stock valued at $34,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 71.75% of the company's stock.

About Cisco Systems

Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

See Also: New Google Finance Tool and Screening Stocks

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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