In a report released today, Jonathan Ruykhaver from Robert W. Baird reiterated a Buy rating on Cisco Systems Inc (CSCO), with a price target of $57. The company’s shares closed on Friday at $52.43.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 20.1% and a 70.0% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.
Cisco Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $59.53.
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Based on Cisco Systems Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $12.96 billion and net profit of $3.04 billion. In comparison, last year the company earned revenue of $12.84 billion and had a net profit of $3.8 billion.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is neutral on the stock.
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.
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