Cisco Systems, Inc. (NASDAQ:CSCO) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: November 28, 2016
Zacks Investment Research has downgraded Cisco Systems, Inc. (NASDAQ:CSCO) to Sell in a statement released on Monday November 28, 2016.
Boasting a price of $30.07, Cisco Systems, Inc. (NASDAQ:CSCO) traded -0.60% lower on the day. With the last stock price close down -0.59% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Cisco Systems, Inc. has recorded a 50-day average of $30.59 and a two hundred day average of $30.09. Volume of trade was down over the average, with 14,462,324 shares of CSCO changing hands under the typical 21,665,000
With a total market value of $0, Cisco Systems, Inc. has 52 week low of $22.46 and a 52 week high of $31.95 with a P/E ratio of 14.31 .
In addition to Zacks Investment Research 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.
About Cisco Systems, Inc. (NASDAQ: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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