Cisco Systems (CSCO) Receives Price Target

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 $32.05. The maximum price target given is $40 and the minimum target for short term is around $22, hence the standard deviation is calculated at $4.11.

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.


Also, Equity Analysts at the Argus Research maintains the rating on Cisco Systems (NASDAQ:CSCO). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $34 per share to $37 per share. The rating by the firm was issued on August 19, 2016.

Cisco Systems (NASDAQ:CSCO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.42 and $31.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.58, notching a gain of 0.45% for the day. The total traded volume was 15,980,457 . The stock had closed at $31.44 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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