MKM Partners Reiterates a Hold Rating on Cisco Systems

By Jason Carr

In a report released today, Michael Genovese from MKM Partners reiterated a Hold rating on Cisco Systems (NASDAQ: CSCO), with a price target of $31. The company’s shares opened today at $29.91.

According to, Genovese is a 5-star analyst with an average return of 13.2% and a 57.4% success rate. Genovese covers the Technology sector, focusing on stocks such as Riverbed Technology, Motorola Solutions, and Juniper Networks.

Currently, the analyst consensus on Cisco Systems is Moderate Buy and the average price target is $33.58, representing a 12.3% upside.

In a report issued on November 14, Nomura Holdings also reiterated a Hold rating on the stock with a $30 price target.

Cisco Systems’ market cap is currently $158.8B and has a P/E ratio of 14.89. The company has a book value ratio of 2.4969.

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.