After Robert W. Baird and Barclays gave Cisco Systems (NASDAQ: CSCO) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Ittai Kidron assigned a Buy rating to Cisco Systems yesterday and set a price target of $46.00. The company’s shares closed last Thursday at $45.60.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 32.6% and a 74.8% success rate. Kidron covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Zoom Video Communications, and Slack Technologies.
Cisco Systems has an analyst consensus of Moderate Buy, with a price target consensus of $47.27, implying a 3.0% upside from current levels. In a report issued on May 13, Wells Fargo also maintained a Buy rating on the stock.
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The company has a one-year high of $58.26 and a one-year low of $32.40. Currently, Cisco Systems has an average volume of 31.57M.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSCO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security. 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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