In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Vetr lowered shares of Cisco Systems from a strong-buy rating to a buy rating and set a $37.03 price target on the stock.in a report on Wednesday, April 26th. Finally, Cowen and Company reaffirmed an "outperform" rating and issued a $39.00 target price on shares of Cisco Systems in a report on Thursday, April 6th.
Historically, if we have a peek at price target revisions, Cisco Systems, Inc. The company presently has a consensus rating of "Buy" and an average target price of $34.78.
In recent trading day Cisco Systems, Inc. 20,194,336 shares of the company's stock were exchanged. The company has a market cap of $167.51 billion, a PE ratio of 17.24 and a beta of 1.36. The stock closing price is now trading upward to its 50 day moving average with change of 0.16%, escalated to its 20 day moving average with figure of 0.46% and above its 200 day moving average with value 7.82%. The 1-year High price of the stock is $8.77, while the 1-year low price is $3.70. William Blair began coverage on Cisco Systems in a report on Tuesday, January 17th. Traders acquired 12,419 put options on the stock. This is an increase of 120% compared to the average daily volume of 5,645 put options.
Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 15th. The network equipment provider reported $0.57 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.01. That value represents a market adjusting for revenues that have been falling by -2.91 % on a quarterly year/year basis as of the company's last quarterly report. During the same period in the previous year, the company earned $0.57 earnings per share. The stock witnessed 2.22% gains, -0.72% declines and -8% declines for the 1-month, 3-month and 6-month period, respectively. This is an increase from Cisco Systems's previous quarterly dividend of $0.26.
Alkermes plc (NASDAQ:ALKS) announced that data from FORWARD-5 and pooled data from FORWARD-4 and FORWARD-5, two phase 3 studies of ALKS 5461 for the adjunctive treatment of major depressive disorder (MDD), will be presented at the Society of Biological Psychiatry (SOBP) Annual Meeting in San Diego, Calif. Management will also host a webcast presentation on May 18, 2017 to discuss the data. The stock has "Neutral" rating by Bank of America on Tuesday, April 5. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States and worldwide copyright laws.More news: McGirt, Hughes lead Players after Scott stumbles
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02/23/2017 - Cisco Systems, Inc. had its "outperform" rating reiterated by analysts at Sanford C. Bernstein.
Rite Aid Corporation was covered by a number of analysts recently, 0 rated the stock as Buy, 3 rated Hold, 0 rated sell and 0 gave an Underperform. The shares were sold at an average price of $34.27, for a total transaction of $537,079.44. Following the transaction, the director now directly owns 122,721 shares of the company's stock, valued at approximately $4,181,104.47. The stock was acquired at an average cost of $33.92 per share, for a total transaction of $102,675.84. The disclosure for this sale can be found here. Insiders sold a total of 371,807 shares of company stock worth $12,668,893 over the last quarter.
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.
A number of other hedge funds have also recently bought and sold shares of SWN. New Century Advisors LLC raised its position in shares of Cisco Systems by 69.6% in the third quarter. Stephens Inc. AR now owns 35,091 shares of the energy company's stock worth $486,000 after buying an additional 1,090 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in Cisco Systems by 17.7% in the first quarter. Following the completion of the transaction, the senior vice president now owns 77,174 shares of the company's stock, valued at $2,644,752.98. Seven Eight Capital LP purchased a new stake in Cisco Systems during the fourth quarter worth about $112,000. Court Place Advisors LLC raised its position in shares of Cisco Systems by 2.3% in the third quarter. Chesley Taft & Associates LLC now owns 56,402 shares of the network equipment provider's stock worth $1,789,000 after buying an additional 29,700 shares in the last quarter. MD now owns 69,860,968 shares of the network equipment provider's stock worth $2,215,990,000 after buying an additional 3,555,286 shares in the last quarter.
ILLEGAL ACTIVITY NOTICE: "Short Interest in Cisco Systems, Inc". The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa, and Asia Pacific, Japan and China (APJC).