In a report released today, Tim Long from Barclays maintained a Hold rating on Cisco Systems (CSCO – Research Report), with a price target of $48.00. The company’s shares closed last Friday at $48.06.
Long covers the Technology sector, focusing on stocks such as Apple, Cisco Systems, and Zebra Tech. According to TipRanks, Long has an average return of 12.8% and a 62.26% success rate on recommended stocks.
Cisco Systems has an analyst consensus of Hold, with a price target consensus of $53.55, which is an 11.42% upside from current levels. In a report released on May 9, Citi also maintained a Hold rating on the stock with a $52.00 price target.
CSCO market cap is currently $194.6B and has a P/E ratio of 14.63.
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Cisco Systems (CSCO) Company Description:
Cisco offers a broad range of technologies across networking, security, collaboration, applications and the cloud. It manufactures and sells Internet Protocol (IP)-based networking and other products related to the communications and IT industry and also provides associated services. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, CA.
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