Cisco Systems Receives a Hold from JMP SecuritiesBy Jason Carr
According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 11.6% and a 60.9% success rate. Suppiger covers the Technology sector, focusing on stocks such as Riverbed Technology, Palo Alto Networks, and Barracuda Networks.
Currently, the analyst consensus on Cisco Systems is Moderate Buy and the average price target is $33.71, representing a 12.7% upside.
In a report issued on November 14, Nomura Holdings also reiterated a Hold rating on the stock with a $30 price target.
Based on Cisco Systems’ latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $12.35 billion and quarterly net profit of $2.32 billion. In comparison, last year the company earned revenue of $12.68 billion and had a net profit of $2.43 billion.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, John L. Hennessy, a Director at CSCO sold 15,000 shares for a total of $468,750.