Cisco Systems (CSCO) Receives ‘Analyst’ Rating

Cisco Systems (CSCO) has an average broker rating of 1.7, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 15 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Cisco Systems (CSCO) : 20 Wall Street analysts covering Cisco Systems (CSCO) believe that the average level the stock could reach for the short term is $32.15. The maximum price target given is $40 and the minimum target for short term is around $22, hence the standard deviation is calculated at $4.16.


Also, Major Brokerage house, Argus Research maintains its ratings on Cisco Systems (NASDAQ:CSCO). In the latest research report, Argus Research raises the target price from $34 per share to $37 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 August 19, 2016.

Cisco Systems (NASDAQ:CSCO): After opening at $30.63, the stock dipped to an intraday low of $30.61 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.39 and the buying power remained strong till the end. The stock closed at $31.31 for the day, a gain of 1.00% for the day session. The total traded volume was 26,021,227. The stocks close on the previous trading day was $31.

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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