Price Target Update on Cisco Systems (NASDAQ:CSCO)

Cisco Systems (NASDAQ:CSCO) : Currently there are 23 street experts covering Cisco Systems (NASDAQ:CSCO) stock. The most bullish and bearish price target for the stock is $39 and $22 respectively for the short term. The average price target of all the analysts comes to $30.29. The estimated standard deviation from the target is $3.39.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, UBS, maintains their rating on the shares of Cisco Systems (NASDAQ:CSCO). UBS has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $32 per share from a prior target of $30. The rating by the firm was issued on June 16, 2016.

Cisco Systems (NASDAQ:CSCO): stock turned positive on Thursday. Though the stock opened at $29.03, the bulls momentum made the stock top out at $29.225 level for the day. The stock recorded a low of $28.96 and closed the trading day at $29.22, in the green by 1.74%. The total traded volume for the day was 19,415,601. The stock had closed at $28.72 in the previous days trading.

The company shares have rallied 1.13% 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 $28.11 and the 200 Day Moving Average price is recorded at $26.88. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & Chief Marketing Officer) of Cisco Systems, Inc., Walker Karen had sold 7,802 shares worth of $222,357 in a transaction dated June 15, 2016. In this transaction, 7,802 shares were sold at $28.5 per share.

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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