Wedbush Reiterates Outperform on Cisco Systems (CSCO)

By admin | 6 years ago

Cisco Systems (NASDAQ: CSCO)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research note issued to investors on Thursday.

A number of other analysts have also recently weighed in on CSCO. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Cisco Systems to $22.00 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 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. 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.

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