Sterne Agee 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 Sterne Agee in a research report issued to clients and investors on Monday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Caris & Co. initiated coverage on shares of Cisco Systems in a research note to investors on Friday. They set a “buy” rating on the stock. Separately, analysts at Caris & Company initiated coverage on shares of Cisco Systems in a research note to investors on Thursday, May 3rd. They set a “buy” rating on the stock. Finally, analysts at Oppenheimer (NYSE: OPY) reiterated an “outperform” rating on shares of Cisco Systems in a research note to investors on Wednesday, April 18th.

Cisco Systems traded down 1.83% on Monday, hitting $18.73. 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 $100.9 billion and a price-to-earnings ratio of 14.83.

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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