Cisco Systems saw an increase in their price target from Oppenheimer Research Analysts, with a potential upside of 20.41% from the current price. Various other analysts have also issued ratings and price targets for Cisco Systems, with a consensus being a “Hold” rating and a price target of $56.47. The company’s stock opened at $48.17 on Thursday, with a market capitalization of $195.05 billion and a P/E ratio of 16.22. Cisco Systems recently announced their earnings results, beating the consensus estimate with $0.88 earnings per share for the quarter.
In terms of internal transactions, CFO Richard Scott Herren sold shares totaling $697,100, and senior vice president Maria Victoria Wong sold shares valued at $124,850. Institutional investors have also made modifications to their holdings in Cisco Systems, with 73.33% of the shares currently owned by institutional investors.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol-based networks and products related to the information and communications technology industry. Their offerings include a wide range of networking solutions, wireless products, and computing technologies. Investors can stay updated on news and ratings from Cisco Systems by signing up for a daily email newsletter from MarketBeat.com.
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https://www.defenseworld.net/2024/05/18/oppenheimer-increases-cisco-systems-nasdaqcsco-price-target-to-58-00.html
