Deutsche Bank Reaffirms Buy Rating on Cisco Systems (CSCO)

By admin | 6 years ago

Cisco Systems (NASDAQ: CSCO)‘s stock had its “buy” rating restated by analysts at Deutsche Bank (NYSE: DB) in a research report issued to clients and investors on Thursday.

Several other analysts have also recently commented on the stock. Analysts at Wedbush reiterated an “outperform” rating on shares of Cisco Systems in a research note to investors on Thursday. Separately, analysts at UBS AG (NYSE: UBS) cut their price target on shares of Cisco Systems from $24.00 to $22.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of Cisco Systems from $24.00 to $23.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.

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 $90.538 billion and a price-to-earnings ratio of 13.06.

Cisco Systems last released its earnings data on Wednesday, May 9th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Cisco Systems will post $0.48 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.

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