In a report released today, Sami Badri from Credit Suisse maintained a Hold rating on Cisco (CSCO), with a price target of $47. The company’s shares opened today at $48.85, close to its 52-week high of $49.68.
According to TipRanks.com, Badri has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.2% and a 40.9% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Ubiquiti Networks, and CommScope Holding.
Currently, the analyst consensus on Cisco is a Moderate Buy with an average price target of $54.33, implying an 11.2% upside from current levels. In a report issued on February 12, Morgan Stanley also downgraded the stock to Hold with a $49 price target.
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Based on Cisco’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $12.45 billion and net profit of $2.82 billion. In comparison, last year the company earned revenue of $11.89 billion and had a GAAP net loss of $8.78 billion.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.
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