Raymond James Maintains Cisco Systems to Outperform with Price Target $34.00

Brokerage firm Raymond James Maintains its rating on Cisco Systems(NASDAQ:CSCO). In a research note issued to the investors, the brokerage major Raises the price-target to $34.00 per share. The shares have been rated Outperform. The rating by Raymond James was issued on Sep 23, 2016.

In a different note, On Sep 14, 2016, Deutsche Bank said it Maintains its rating on Cisco Systems. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 12, 2016, UBS said it Maintains its rating on Cisco Systems. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 19, 2016, Argus Research said it Maintains its rating on Cisco Systems. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 18, 2016, Goldman Sachs said it Maintains its rating on Cisco Systems. The shares have been rated ‘Neutral’ by the firm. On Aug 18, 2016, Drexel Hamilton said it Maintains its rating on Cisco Systems. The shares have been rated ‘Buy’ by the firm. On Aug 18, 2016, Citigroup said it Maintains its rating on Cisco Systems. The shares have been rated ‘Buy’ by the firm.

Cisco Systems (CSCO) made into the market gainers list on Tuesdays trading session with the shares advancing 1.32% or 0.41 points. Due to strong positive momentum, the stock ended at $31.48, which is also near the day’s high of $31.61. The stock began the session at $31.09 and the volume stood at 1,80,45,376 shares. The 52-week high of the shares is $31.95 and the 52 week low is $22.46. The company has a current market capitalization of $157,852 M and it has 5,01,43,53,800 shares in outstanding.

Cisco Systems has also declared a cash dividend of $0.2600 on Sep 9, 2016. The shares will quote ex-dividend on Oct 3, 2016 and the record date has been fixed on Oct 5, 2016. The dividend payable date has been fixed on Oct 26, 2016.

Cisco Systems(CSCO) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $12.64B. Analysts had an estimated revenue of $12.57B. Earnings per share were $0.63. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2016, Karen Walker (SVP & Chief Marketing Officer) sold 10,244 shares at $31.17 per share price.Also, On Sep 16, 2016, Chris Dedicoat (EVP, Worldwide Sales & Fld Ops) sold 60,000 shares at $30.87 per share price.On Sep 13, 2016, Charles Robbins (Chief Executive Officer) sold 148,800 shares at $31.01 per share price, according to the Form-4 filing with the securities and exchange commission.

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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