Tag: 17275R10

Steph & Co. boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 6.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,077 shares of the network equipment provider’s stock after acquiring an additional 873 shares during the period. Steph & Co.’s holdings in Cisco Systems were worth $703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valued Wealth Advisors LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $32,000. Delos Wealth Advisors LLC boosted its stake in Cisco Systems by 1,666.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock valued at $32,000 after acquiring an additional 600 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new position in Cisco Systems in the fourth quarter valued at approximately $33,000. Morton Brown Family Wealth LLC boosted its stake in Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 208 shares during the last quarter. Finally, Bourgeon Capital Management LLC boosted its stake in Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Up 0.5 %

Cisco Systems stock traded up $0.24 during mid-day trading on Monday, reaching $47.53. 3,814,433 shares of the company traded hands, compared to its average volume of 19,689,031. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The firm’s 50 day moving average price is $47.14 and its 200 day moving average price is $48.84. The firm has a market capitalization of $191.49 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 2.71 and a beta of 0.85. Cisco Systems, Inc. has a 52-week low of $44.95 and a 52-week high of $58.19.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company’s revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. On average, analysts anticipate that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.37%. The ex-dividend date is Friday, July 5th. Cisco Systems’s dividend payout ratio is currently 53.87%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 8,016 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the sale, the executive vice president now owns 180,705 shares of the company’s stock, valued at approximately $8,717,209.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Deborah L. Stahlkopf sold 8,016 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the sale, the executive vice president now owns 180,705 shares of the company’s stock, valued at approximately $8,717,209.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 26,331 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the completion of the sale, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at $33,439,234.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,106 shares of company stock worth $1,908,923. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CSCO shares. Piper Sandler reissued a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research report on Wednesday, June 5th. BNP Paribas raised shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Monday, May 13th. Wells Fargo & Company lifted their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $60.00 in a research note on Monday, April 15th. Finally, Barclays lifted their price target on shares of Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.47.

Get Our Latest Stock Analysis on Cisco Systems

Cisco Systems Profile

(Free Report)

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,319 shares of the network equipment provider’s stock, valued at approximately $117,000.

Several other large investors also recently made changes to their positions in CSCO. Charles Schwab Investment Management Inc. grew its holdings in Cisco Systems by 9.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,439,747 shares of the network equipment provider’s stock valued at $3,672,445,000 after purchasing an additional 6,345,954 shares during the last quarter. Northern Trust Corp grew its holdings in Cisco Systems by 3.8% during the third quarter. Northern Trust Corp now owns 50,549,422 shares of the network equipment provider’s stock valued at $2,717,537,000 after purchasing an additional 1,847,682 shares during the last quarter. Norges Bank acquired a new position in Cisco Systems during the fourth quarter valued at approximately $2,528,939,000. Wellington Management Group LLP grew its stake in shares of Cisco Systems by 7.6% in the fourth quarter. Wellington Management Group LLP now owns 47,195,836 shares of the network equipment provider’s stock worth $2,384,334,000 after acquiring an additional 3,314,330 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Cisco Systems by 12.3% in the fourth quarter. First Trust Advisors LP now owns 24,941,271 shares of the network equipment provider’s stock worth $1,260,033,000 after acquiring an additional 2,723,260 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Up 0.0 %

NASDAQ CSCO opened at $45.69 on Tuesday. Cisco Systems, Inc. has a 52 week low of $44.95 and a 52 week high of $58.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The stock’s 50 day moving average price is $47.36 and its two-hundred day moving average price is $48.89. The stock has a market capitalization of $184.08 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 2.65 and a beta of 0.86.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.70 by $0.18. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s payout ratio is 53.87%.

Insiders Place Their Bets

In related news, SVP Maria Victoria Wong sold 3,378 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total value of $155,016.42. Following the transaction, the senior vice president now owns 52,953 shares in the company, valued at $2,430,013.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Charles Robbins sold 26,331 shares of Cisco Systems stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total value of $1,213,859.10. Following the transaction, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at $33,439,234.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 3,378 shares of Cisco Systems stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total value of $155,016.42. Following the completion of the sale, the senior vice president now owns 52,953 shares of the company’s stock, valued at $2,430,013.17. The disclosure for this sale can be found here. Insiders have sold 41,106 shares of company stock worth $1,908,923 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

CSCO has been the topic of several research analyst reports. Barclays raised their price objective on shares of Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research note on Monday, June 10th. Piper Sandler reiterated a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Wednesday, June 5th. Finally, Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $60.00 in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Hold” and an average target price of $56.47.

View Our Latest Stock Report on Cisco Systems

About Cisco Systems

(Free Report)

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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Congress Asset Management Co. MA grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 275,317 shares of the network equipment provider’s stock after acquiring an additional 22,611 shares during the quarter. Congress Asset Management Co. MA’s holdings in Cisco Systems were worth $13,116,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CSCO. United Bank bought a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $645,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cisco Systems by 32.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,243,073 shares of the network equipment provider’s stock valued at $236,593,000 after purchasing an additional 1,040,607 shares during the period. Roundview Capital LLC grew its position in Cisco Systems by 13.1% during the 1st quarter. Roundview Capital LLC now owns 10,540 shares of the network equipment provider’s stock worth $588,000 after acquiring an additional 1,221 shares during the last quarter. Merit Financial Group LLC grew its position in Cisco Systems by 21.5% during the 1st quarter. Merit Financial Group LLC now owns 11,763 shares of the network equipment provider’s stock worth $656,000 after acquiring an additional 2,079 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in Cisco Systems by 8.1% during the 1st quarter. Mackenzie Financial Corp now owns 2,429,518 shares of the network equipment provider’s stock worth $135,470,000 after acquiring an additional 182,857 shares during the last quarter. 71.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 23,701 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $50.90, for a total value of $1,206,380.90. Following the completion of the transaction, the executive vice president now owns 184,853 shares in the company, valued at approximately $9,409,017.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 23,701 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $50.90, for a total value of $1,206,380.90. Following the completion of the transaction, the executive vice president now owns 184,853 shares in the company, valued at approximately $9,409,017.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,142 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total value of $153,266.76. Following the completion of the transaction, the executive vice president now owns 180,697 shares of the company’s stock, valued at approximately $8,814,399.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,568 shares of company stock worth $2,376,624. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

CSCO stock opened at $50.51 on Friday. The stock has a 50-day moving average price of $48.73 and a two-hundred day moving average price of $46.51. The stock has a market cap of $206.88 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. Cisco Systems, Inc. has a 1 year low of $38.60 and a 1 year high of $56.94.

Cisco Systems (NASDAQ:CSCO – Get Rating) last released its earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $13.41 billion. Cisco Systems had a return on equity of 31.19% and a net margin of 21.26%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Equities analysts forecast that Cisco Systems, Inc. will post 3.34 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Tuesday, April 4th. This is a boost from Cisco Systems’s previous quarterly dividend of $0.38. Cisco Systems’s dividend payout ratio is 55.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Cisco Systems from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. The Goldman Sachs Group assumed coverage on Cisco Systems in a research report on Monday, March 6th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased their price target on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Raymond James increased their price target on Cisco Systems from $59.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. Finally, Loop Capital upped their price objective on Cisco Systems from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.38.

Cisco Systems Profile

(Get Rating)

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 products include 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.

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Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating).

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Addenda Capital Inc. lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 119,695 shares of the network equipment provider’s stock after selling 1,554 shares during the period. Addenda Capital Inc.’s holdings in Cisco Systems were worth $5,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Smith Chas P & Associates PA Cpas boosted its holdings in Cisco Systems by 1.5% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 1,008,481 shares of the network equipment provider’s stock worth $48,044,000 after purchasing an additional 15,109 shares during the period. Bremer Bank National Association boosted its holdings in shares of Cisco Systems by 54.1% during the fourth quarter. Bremer Bank National Association now owns 53,547 shares of the network equipment provider’s stock valued at $2,551,000 after acquiring an additional 18,806 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in shares of Cisco Systems by 5.0% during the fourth quarter. KMG Fiduciary Partners LLC now owns 81,825 shares of the network equipment provider’s stock valued at $3,898,000 after acquiring an additional 3,903 shares during the period. Bath Savings Trust Co boosted its holdings in shares of Cisco Systems by 1.5% during the fourth quarter. Bath Savings Trust Co now owns 21,643 shares of the network equipment provider’s stock valued at $1,031,000 after acquiring an additional 323 shares during the period. Finally, Pacifica Partners Inc. boosted its holdings in shares of Cisco Systems by 4.0% during the fourth quarter. Pacifica Partners Inc. now owns 34,145 shares of the network equipment provider’s stock valued at $1,625,000 after acquiring an additional 1,323 shares during the period. Institutional investors and hedge funds own 71.10% of the company’s stock.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $50.94 on Tuesday. The company’s 50-day moving average price is $48.64 and its two-hundred day moving average price is $46.38. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The stock has a market cap of $208.64 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.31 and a beta of 1.00. Cisco Systems, Inc. has a 52 week low of $38.60 and a 52 week high of $56.94.

Cisco Systems (NASDAQ:CSCO – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.41 billion. Cisco Systems had a return on equity of 31.19% and a net margin of 21.26%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.34 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.06%. The ex-dividend date is Tuesday, April 4th. This is an increase from Cisco Systems’s previous quarterly dividend of $0.38. Cisco Systems’s payout ratio is presently 55.68%.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 23,701 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $50.90, for a total transaction of $1,206,380.90. Following the sale, the executive vice president now owns 184,853 shares in the company, valued at approximately $9,409,017.70. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Cisco Systems news, CEO Charles Robbins sold 20,117 shares of Cisco Systems stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $49.08, for a total transaction of $987,342.36. Following the transaction, the chief executive officer now owns 798,970 shares of the company’s stock, valued at approximately $39,213,447.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 23,701 shares of Cisco Systems stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $50.90, for a total value of $1,206,380.90. Following the transaction, the executive vice president now directly owns 184,853 shares in the company, valued at approximately $9,409,017.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,568 shares of company stock worth $2,376,624. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CSCO shares. Wells Fargo & Company boosted their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, February 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cisco Systems from $52.00 to $55.00 and gave the company a “hold” rating in a report on Wednesday, February 22nd. Tigress Financial restated a “buy” rating and set a $73.00 price objective on shares of Cisco Systems in a research note on Friday. Piper Sandler lifted their price objective on shares of Cisco Systems from $49.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. Finally, Cowen lifted their price objective on shares of Cisco Systems from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus price target of $56.38.

About Cisco Systems

(Get Rating)

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 products include 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.

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Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating).

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