Cisco Systems, Inc. (CSCO) Earns “Buy” Rating from Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO) in a research note released on Friday. Jefferies Group LLC currently has a $37.00 target price on the network equipment provider’s stock.

Several other research analysts have also weighed in on CSCO. Deutsche Bank AG reiterated a buy rating and issued a $40.00 price objective on shares of Cisco Systems in a research report on Tuesday, June 13th. Drexel Hamilton reiterated a buy rating and issued a $39.00 price objective on shares of Cisco Systems in a research report on Sunday, June 25th. J P Morgan Chase & Co reiterated a neutral rating on shares of Cisco Systems in a research report on Monday, June 26th. Wells Fargo & Company reiterated an outperform rating and issued a $37.50 price objective on shares of Cisco Systems in a research report on Monday, June 26th. Finally, Credit Suisse Group reiterated an outperform rating and issued a $40.00 price objective on shares of Cisco Systems in a research report on Monday, June 26th. Fifteen investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Cisco Systems currently has an average rating of Buy and a consensus price target of $35.38.

Shares of Cisco Systems (NASDAQ:CSCO) opened at 33.75 on Friday. The company has a market capitalization of $167.13 billion, a price-to-earnings ratio of 17.76 and a beta of 1.21. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $34.60. The company’s 50 day moving average price is $32.39 and its 200-day moving average price is $32.37.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The company had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. Analysts anticipate that Cisco Systems will post $2.43 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Wednesday, October 4th. Cisco Systems’s payout ratio is currently 60.73%.

In other news, SVP Karen Walker sold 23,110 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the sale, the senior vice president now directly owns 192,774 shares in the company, valued at $6,180,334.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 121,390 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $3,891,763.40. Following the completion of the sale, the chief executive officer now owns 552,694 shares in the company, valued at $17,719,369.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 485,138 shares of company stock worth $15,347,574. Insiders own 0.11% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Osborn Williams & Donohoe LLC raised its stake in Cisco Systems by 1.6% in the third quarter. Osborn Williams & Donohoe LLC now owns 257,675 shares of the network equipment provider’s stock valued at $8,666,000 after buying an additional 3,972 shares in the last quarter. Beacon Financial Group raised its stake in Cisco Systems by 50.8% in the third quarter. Beacon Financial Group now owns 37,524 shares of the network equipment provider’s stock valued at $1,262,000 after buying an additional 12,644 shares in the last quarter. McQueen Ball & Associates Inc. raised its stake in Cisco Systems by 4.8% in the third quarter. McQueen Ball & Associates Inc. now owns 69,991 shares of the network equipment provider’s stock valued at $2,354,000 after buying an additional 3,212 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Cisco Systems by 8.1% in the third quarter. Eqis Capital Management Inc. now owns 122,556 shares of the network equipment provider’s stock valued at $4,122,000 after buying an additional 9,206 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its stake in Cisco Systems by 100.7% in the third quarter. Curbstone Financial Management Corp now owns 74,394 shares of the network equipment provider’s stock valued at $2,502,000 after buying an additional 37,327 shares in the last quarter. Institutional investors own 75.38% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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