Dow Jones component Cisco Systems Inc. (CSCO) saw its stock move 0.07% to $28.92, representing a per-share move of $0.02, on volume of 16.57 million shares for Friday.
Brokerage firm Jefferies Maintains its rating on Cisco Systems(NASDAQ:CSCO). In a research note issued to the investors, the brokerage major Raises the price-target to $30.75 per share.
Macro factors seem to be the main driver behind markets this year, including changing expectations for how and when the U.S. Federal Reserve will proceed (or not) with raising interest rates.
They all gave Cisco stock a “Buy” rating on Thursday. (Source: “Cisco Systems Company Profile,” Market Beat, last accessed May 19, 2016.
On 5/25/2016, Cisco Systems, Inc. (NASDAQ:CSCO) ended trading session higher at $28.92 with +1.58%. The company traded a volume of 25.73 million shares as comparison to average volume of 23.21 million shares.
Cisco Systems, Inc. (NASDAQ:CSCO) stock had its “sell” rating reissued by equities researchers at Credit Suisse in a research note issued.
On 18 May, Cisco Systems, Inc. (NASDAQ:CSCO) reported third quarter earnings. Q3 NON-GAAP earnings per share $0.57, GAAP earnings per share $0.46, revenue $12 billion versus I/B/E/S view $11.97 billion, earnings per share view $0.55.
Cisco Systems Inc. (NASDAQ: CSCO) reported fiscal third-quarter financial results after the markets closed on Wednesday. The company had incredible earnings and investors were thrilled.
Credit Suisse analyst Kulbinder Garcha reiterated an Underperform rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO), but raised the price target to $24 (from $22), following better-than-expected quarterly results, driven by growth in Asia.
Our proven model does not conclusively show that Cisco Systems will beat on earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Cisco Systems, Inc. (NASDAQ:CSCO) is expected to announce fourth quarter financial results after market close (confirmed) on August 17, 2016.