Needham maintained the shares of SNPS in report on Thursday, December 1 with “Buy” rating. Deutsche Bank AG lifted their target price on shares of Cisco Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, March 23rd.
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Cisco Systems, Inc.
Norges Bank bought a new stake in Cisco Systems, Inc.
5/9/2017-BMO Capital Markets was Downgraded by analysts at BMO Capital Markets from a “Outperform ” rating to a ” Market Perform” rating. Cisco Systems, Inc. NASDAQ has an Earning Per Share for the upcoming year at 20.90%.
According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.5 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.
Analysts on average have given a price target of $6.6 to Rite Aid Corporation (RAD) stock. (NASDAQ:CSCO) declined -0.47% to $33.74. The 20-day may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less “lag” than the longer-term moving average. The stock’s market capitalization is 168.41B, it has a 52-week low of 26.41 and a 52-week high of 34.60. The company’s current price-earnings ratio amounts to 17.36 times earnings, above the average P/E ratio of 8.96 times earnings. Cisco Systems also was the target of unusually large options trading on Thursday. The stock of Ameris Bancorp (NASDAQ:ABCB) has “Buy” rating given on Wednesday, August 19 by Wood. This represents an increase of 138% compared to the typical daily volume of 1,072 call options. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 7.62% since October 4, 2016 and is uptrending. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Revenue for the quarter also killed consensus, coming in at $11.58B, compared to the consensus of 11.56B.
Now the P/E of Cisco Systems, Inc. stands at 17.31. During the same period in the previous year, the company earned $0.57 earnings per share.
Several equities research analysts have recently issued reports on CSCO shares. Ifc Inc Fl holds 0.03% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 6,022 shares.
On 6/6/2016 Cisco Systems announced a quarterly dividend of $0.26 3.58% with an ex dividend date of 7/5/2016 which will be payable on 7/27/2016. This represents a $1.16 dividend on an annualized basis and a yield of 3.45%. Cisco Systems Inc. had 68 analyst reports since August 4, 2015 according to SRatingsIntel. If you are reading this piece of content on another site, it was copied illegally and republished in violation of U.S. & worldwide copyright and trademark laws. Barclays PLC restated an “overweight” rating on shares of Cisco Systems in a research report on Saturday, April 22nd. Also, SVP Prat Bhatt sold 15,672 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $34.12, for a total value of $1,180,449.64. Company has a 52-Week High of -2.76% and a 52-Week Low of 31.87%. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
In related news, EVP Chris Dedicoat sold 34,597 shares of the business’s stock in a transaction on Friday, February 24th. Based on an average trading volume of 17,806,949 shares, the short-interest ratio is presently 2.0 days. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. The disclosure for this purchase can be found here. Insiders sold a total of 371,807 shares of company stock valued at $12,668,893 in the last 90 days. It worsened, as 30 investors sold Synopsys, Inc. shares while 149 reduced holdings. Edmond DE Rothschild Monaco bought a new position in Cisco Systems during the third quarter worth about $111,000. GaveKal Capital LLC boosted its stake in Cisco Systems by 5.0% in the third quarter. Financial Management Professionals Inc. increased its position in shares of Cisco Systems by 17.7% in the first quarter. The current share price indicates that stock is -2.49% away from its one year high and is moving 32.24% ahead of its 52-week low. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 price objective on shares of Cisco Systems in a research report on Wednesday, April 26th. Its last 5-Year EPS growth stands at 16.00% with earnings growth of -15.90% yoy. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider’s stock worth $128,000 after buying an additional 4,150 shares during the period.
Other hedge funds have also added to or reduced their stakes in the company. The ROA for Cisco Systems, Inc. tells us exactly what earnings were generated from the invested capital. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa, and Asia Pacific, Japan and China (APJC).