A statement released earlier today by Raymond James about Cisco Systems Inc. (NASDAQ:CSCO) bumps the target price to $34.00
- Updated: September 23, 2016
Just yesterday Cisco Systems Inc. (NASDAQ:CSCO) traded -1.01% lower at $31.34. Cisco Systems Inc.’s 50-day average is $31.16 and its two hundred day average is $29.13. With the last close up 7.58% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 20,365,931 shares of CSCO changing hands under the typical 23,072,700
Cisco Systems Inc. (NASDAQ:CSCO) had its target price raised to $34.00 by Raymond James in a report released 9/23/2016. The new target price indicates a possible upside of 0.08% based on the company's last stock close price.
Previously on 9/14/2016, Vetr Inc. reported about Cisco Systems Inc. (NASDAQ:CSCO) raised the target price from $0.00 to $33.17. At the time, this indicated a possible upside of 0.07%.
Recent Performance Chart
Cisco Systems Inc. has P/E ratio of 14.85 with a one year low of $22.46 and a one year high of $31.95 and has a total market value of $0.
A total of 27 equity analysts have released a research note on CSCO. Nine equity analysts rating the company a strong buy, fourteen equity analysts rating the company a buy, fourteen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $29.41.
Brief Synopsis About Cisco Systems Inc. (NASDAQ:CSCO)
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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