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A statement released earlier today by Instinet about Cisco Systems Inc. (NDAQ:CSCO) bumps the target price to $29.00

Boasting a price of $31.33, Cisco Systems Inc. (NDAQ:CSCO) traded -2.16% lower on the day. With the last stock price close down -6.71% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Cisco Systems Inc. has recorded a 50-day average of $31.48 and a two hundred day average of $32.55. Volume of trade was up over the average, with 34,802,193 shares of CSCO changing hands over the typical 21,097,600

Instinet bumped up the target of Cisco Systems Inc. (NDAQ:CSCO) to $29.00 stating a potential downside of -0.07%.

On 5/29/2017, Jefferies & Co released a statement for Cisco Systems Inc. (NDAQ:CSCO) bumped up the target price from $0.00 to $37.00 that suggested an upside of 0.17%.

Performance Chart

Cisco Systems Inc. (NDAQ:CSCO)

With a market cap of $0, Cisco Systems Inc. has 52 week low of $29.12 and a 52 week high of $34.60 with a P/E ratio of 15.98 .

In addition to Instinet reporting its target price, a total of 27 firms have reported on the stock. The consensus target price is $29.41 with 9 firms rating the stock a strong buy, 14 firms rating the stock a buy, 14 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

Brief Synopsis On Cisco Systems Inc. (NDAQ:CSCO)

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). The Company groups its products and technologies into various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products. In addition to its product offerings, the Company provides a range of service offerings, including technical support services and advanced services. The Company delivers its technology and services to its customers as solutions for their priorities, including cloud, video, mobility, security, collaboration and analytics. The Company serves customers, including businesses of all sizes, public institutions, governments and service providers.

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