A statement released earlier today by Vetr Inc. about Cisco Systems, Inc. (NASDAQ:CSCO) bumps the target price to $31.55
- Updated: September 17, 2016
Only yesterday Cisco Systems, Inc. (NASDAQ:CSCO) traded 1.50% lower at $30.61. CSCO’s 50-day average is $31.06 and its 200-day moving average is $28.94. The last close is up 6.56% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. Trade volume was was up over the average, with 37,416,316 shares of CSCO changing hands over the typical 23,044,200 shares..
Cisco Systems, Inc. (NASDAQ:CSCO) had its price target bumped up to $32 by Vetr Inc. in a report issued 8/18/2016. The updated target price indicates a potential upside of 0.03% from the company’s previous stock close price.
On Friday August 19 2016, Argus released a statement for Cisco Systems, Inc.(NASDAQ:CSCO) upped the target price from $34.00 to $37.00. At the time, this suggested an upside of 0.21%.
In addition to Vetr Inc. reporting it’s stock price target, a total of 27 equity analysts have released a report on the stock. The 12-month target stock price is $29.41 with nine analysts rating the company a strong buy, 14 firms rating the company a buy, 14 firms rating the stock a hold, one firm rating the company to underperform, and finally 0 analysts rating the company as sell.
With a market capitalization of $0.0, Cisco Systems, Inc. has a 52 week low of $22.46 and a 52 week high of $31.95 with a price-earnings ratio of 15.
General Information 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, and including technical support services and advanced services.
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