JPMorgan Chase Reiterates Overweight on Cisco Systems (CSCO)

By admin | 6 years ago

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

CSCO has been the subject of a number of other recent research reports. Analysts at Piper Jaffray (NYSE: PJC) reiterated a “neutral” rating on shares of Cisco Systems in a research note to investors on Thursday. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Cisco Systems in a research note to investors on Thursday. Finally, analysts at MKM Partners reiterated a “neutral” rating on shares of Cisco Systems in a research note to investors on Thursday.

Cisco Systems traded up 0.68% on Thursday, hitting $16.925. Cisco Systems has a 52-week low of $13.30 and a 52-week high of $21.30. The company has a market cap of $91.192 billion and a price-to-earnings ratio of 12.38.

Cisco Systems last posted its quarterly earnings results 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 $0.46 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.

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