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.