Goldman Sachs Reiterates Buy on Cisco Systems (CSCO)

By admin | 6 years ago

Cisco Systems (NASDAQ: CSCO)‘s stock had its “buy” rating reiterated by investment analysts at Goldman Sachs (NYSE: GS) in a note issued to investors on Thursday.

Shares of Cisco Systems opened at 16.81 on Thursday. Cisco Systems has a one year low of $13.30 and a one year high of $21.30. The company has a market cap of $90.538 billion and a P/E ratio of 13.06.

Cisco Systems last issued its quarterly 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. On average, analysts predict that Cisco Systems will post $0.48 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Cisco Systems in a research note to investors on Thursday. Separately, analysts at Wells Fargo & Co. (NYSE: WFC) reiterated an “outperform” rating on shares of Cisco Systems in a research note to investors on Thursday. Finally, analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Cisco Systems in a research note to investors on Thursday.

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.

About the author