Cisco Systems (CSCO) : The consensus price target for Cisco Systems (CSCO) is $30.29 for the short term with a standard deviation of $3.39. The most optimist securities analyst among the 23 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $22.
Cisco Systems (CSCO) has witnessed a rise of 2.4% or 1,135,336 shares in its short figure. The short interest augmentation took it from 46,765,629 on June 15,2016 to 47,900,965 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1%. The days to cover are 2 given that the daily volume averaged 25,423,628 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, UBS maintains their rating on the shares of Cisco Systems (NASDAQ:CSCO). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $32 per share from $30 per share. 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 $29.84, the bulls momentum made the stock top out at $29.99 level for the day. The stock recorded a low of $29.64 and closed the trading day at $29.76, in the green by 0.03%. The total traded volume for the day was 19,332,194. The stock had closed at $29.75 in the previous days trading.
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.