Piper Jaffray Reiterates Neutral on Cisco Systems (CSCO)
A number of other analysts have also recently weighed in on CSCO. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Cisco Systems in a research note to investors on Thursday. Separately, analysts at MKM Partners reiterated a “neutral” rating on shares of Cisco Systems in a research note to investors on Thursday. Finally, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Cisco Systems in a research note to investors on Thursday.
Cisco Systems opened at 16.81 on Thursday. Cisco Systems has a 1-year low of $13.30 and a 1-year high of $21.30. The company has a market cap of $90.572 billion and a price-to-earnings ratio of 12.38.
Cisco Systems last released its earnings data on Wednesday, May 9th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.01. Cisco Systems’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Cisco Systems will post $0.46 EPS next quarter.
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.