Cisco Systems’ (CSCO) “Buy” Rating Reaffirmed at UBS AG

UBS AG reaffirmed their buy rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO) in a research note published on Thursday. UBS AG currently has a $39.00 price target on the network equipment provider’s stock.

CSCO has been the topic of a number of other reports. Vetr cut Cisco Systems from a buy rating to a hold rating and set a $33.18 price objective on the stock. in a research note on Wednesday, August 30th. Credit Suisse Group reaffirmed an outperform rating on shares of Cisco Systems in a research note on Thursday, August 31st. Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $36.00 price objective on shares of Cisco Systems in a research note on Friday, October 20th. Robert W. Baird reaffirmed a buy rating and set a $38.00 price objective on shares of Cisco Systems in a research note on Monday, September 11th. Finally, ValuEngine raised Cisco Systems from a hold rating to a buy rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Cisco Systems has an average rating of Buy and an average target price of $36.67.

Shares of Cisco Systems (NASDAQ CSCO) traded up $0.02 during mid-day trading on Thursday, hitting $35.90. The company had a trading volume of 27,985,816 shares, compared to its average volume of 20,211,973. The company has a quick ratio of 2.98, a current ratio of 3.03 and a debt-to-equity ratio of 0.39. Cisco Systems has a one year low of $29.12 and a one year high of $36.67. The stock has a market capitalization of $177,670.00, a P/E ratio of 15.69, a PEG ratio of 2.98 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. sell-side analysts predict that Cisco Systems will post 2.18 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.23%. Cisco Systems’s payout ratio is 60.10%.

In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $32.43, for a total value of $2,107,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Prat Bhatt sold 25,638 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the completion of the transaction, the chief accounting officer now directly owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock valued at $15,347,574 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in CSCO. Boston Partners increased its stake in shares of Cisco Systems by 304.2% in the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after acquiring an additional 23,002,159 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Cisco Systems by 23.6% in the third quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock worth $2,109,614,000 after acquiring an additional 11,972,070 shares during the period. Stifel Financial Corp increased its stake in shares of Cisco Systems by 6,109.5% in the third quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock worth $273,977,000 after acquiring an additional 8,016,561 shares during the period. Vanguard Group Inc. increased its stake in shares of Cisco Systems by 2.2% in the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after acquiring an additional 7,411,891 shares during the period. Finally, American Century Companies Inc. grew its position in Cisco Systems by 54.2% during the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock valued at $449,544,000 after buying an additional 5,049,326 shares during the period. Hedge funds and other institutional investors own 75.22% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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