Brokerage Firm Rating Update on Cisco Systems (CSCO)

Cisco Systems (CSCO) : Zacks Investment Research ranks Cisco Systems (CSCO) as 3, which is a Hold recommendation. 15 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 23 research analysts is 1.7, which indicates as a Buy.

Cisco Systems (CSCO) : 20 investment research analysts covering Cisco Systems (CSCO) have an average price target of $32.05 for the near short term. The highest target price given by the Brokerage Firm to the stock is $40 and the lowest target is $22 for the short term. Analysts expect the variance to be within $4.11 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Argus Research maintains its rating on Cisco Systems (NASDAQ:CSCO).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Argus Research raises the new price target from $34 per share to $37 per share. The rating by the firm was issued on August 19, 2016.

Cisco Systems (NASDAQ:CSCO): stock was range-bound between the intraday low of $31.75 and the intraday high of $31.9336 after having opened at $31.79 on Wednesdays session. The stock finally closed in the red at $31.79, a loss of -0.25%. The stock remained in the red for the whole trading day. The total traded volume was 14,050,458 shares. The stock failed to cross $31.9336 in Wednesdays trading. The stocks closing price on Thursday was $31.87.

Cisco System, Inc. (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). It groups its products and technologies into the various categories, such as Switching, Next-Generation Network (NGN) Routing, Collaboration, Service Provider Video, Data Center, Wireless, Security, and Other Products. In addition to its product offerings, it provides a range of service offerings, including technical support services and advanced services.

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