Cisco Systems Price Target Raised To $29.00 (CSCO)

Cisco Systems (NASDAQ: CSCO) had its price target raised by Oppenheimer from $ 27.00 to $ 29.00 in a research note issued to investors on Tuesday. The company currently has a range beyond the title. Many other analysts have recently commented on the action. Analysts at Deutsche Bank set a target price of $ 32.00 in shares of Cisco Systems, and has given the company a buy in a research note on Thursday 22 January. Piper Jaffray analysts raised their price target on shares of Cisco Systems for $ 33.00 and gave the company a positive rating in a research note on Thursday 22 January.

Analysts at Northland Securities establishes a $ 32.00 price target on shares of Cisco Systems, and has given the company a buy rating in a research note on Friday, January 16th. Finally, analysts at Barclays raised their price target for shares of Cisco Systems price from $ 26.00 to $ 29.00 and gave the company a weight rating in a research note on Wednesday, January 14th. Two financial analysts rated the stock a sell recommendation ten classified waiting twenty have given a buy recommendation on the company.

Cisco Systems has a consensus estimate of Purchase and average target price of $ 28.10.Cisco Systems (NASDAQ: CSCO) opened at 26.69 on Tuesday. Cisco Systems has a one year low $ 21.27 and a high of $ 28.70 1 year. The moving average population of 50 days is $ 27.63 and its 200-day moving average is $ 25.82. The company has a market cap of $ 136.5 billion and a relationship / EP 18.45.

Cisco Systems (NASDAQ: CSCO) has released its latest data on Wednesday 12 November. The company reported $ 0.54 earnings per share for the quarter, beating analysts' consensus estimate of $ 0.53 to $ 0.01. The company recorded revenues of $ 12.20 billion for the quarter, compared to the consensus estimate of $ 12.20 billion. In the same quarter last year, the company reported $ 0.53 per share.

Cisco Systems revenues increased 1.3% compared to the same quarter last year. Analysts expect Cisco Systems post $ 2.14 EPS for the current fiscal year. Cisco Systems, Inc. (NASDAQ: CSCO) designs, manufactures and sells Internet protocol (IP) -based networking and other technology-related communications and information (IT) and service delivery related products these products and their use.