Cisco Systems (CSCO) : Analyst Rating Update

Cisco Systems (CSCO) : 15 brokerage houses believe that Cisco Systems (CSCO) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cisco Systems (CSCO). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 25 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.

Cisco Systems (CSCO) : 23 Wall Street analysts covering Cisco Systems (CSCO) believe that the average level the stock could reach for the short term is $30.29. The maximum price target given is $39 and the minimum target for short term is around $22, hence the standard deviation is calculated at $3.39.

Cisco Systems (NASDAQ:CSCO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.45 and $28.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.72, notching a gain of 1.38% for the day. The total traded volume was 24,844,038 . The stock had closed at $28.33 on the previous day.

Also, Brokerage firm UBS maintains its rating on Cisco Systems (NASDAQ:CSCO). As per the latest information, the brokerage house lowers the price target to $32 per share from a prior target of $30. The shares have been rated Buy. The rating by the firm was issued on June 16, 2016. The company shares have rallied 4.96% from its 1 Year high price. On Oct 26, 2015, the shares registered one year high at $29.49 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $28.54 and the 200 Day Moving Average price is recorded at $26.97.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.