MKM Partners Reiterates Neutral on Cisco Systems (CSCO)

By admin | 6 years ago

Cisco Systems (NASDAQ: CSCO)‘s stock had its “neutral” rating restated by analysts at MKM Partners 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 Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Cisco Systems in a research note to investors on Thursday. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Cisco Systems in a research note to investors on Thursday. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) reiterated an “outperform” rating on shares of Cisco Systems in a research note to investors on Thursday.

Cisco Systems traded up 0.59% on Thursday, hitting $16.91. 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 $91.111 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 (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.

About the author