Short Term Price Target on Cisco Systems (CSCO)

Cisco Systems (NASDAQ:CSCO) : 23 Wall Street analysts covering Cisco Systems (NASDAQ:CSCO) believe that the average level the stock could reach for the short term is $30.29. The maximum price target given is $39 and the minimum target for short term is around $22, hence the standard deviation is calculated at $3.39.

Cisco Systems, Inc. has lost 1.81% in the last five trading days and dropped 0.73% in the last 4 weeks. Cisco Systems, Inc. is up 0.91% in the last 3-month period. Year-to-Date the stock performance stands at 7.43%. Also, Major Brokerage house, UBS maintains its ratings on Cisco Systems (NASDAQ:CSCO). In the latest research report, UBS lowers the target price from $30 per share to $32 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 16, 2016.

Cisco Systems (NASDAQ:CSCO) : 15 brokerage houses believe that Cisco Systems (NASDAQ:CSCO) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cisco Systems (NASDAQ:CSCO). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 25 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.

Cisco Systems (NASDAQ:CSCO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.38 and $28.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.69, notching a gain of 1.52% for the day. The total traded volume was 25,184,399 . The stock had closed at $28.26 on the previous day.

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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