Cisco (CSCO) Gets a Buy Rating from Robert W. Baird

By Jason Carr

In a report released today, Jonathan Ruykhaver from Robert W. Baird reiterated a Buy rating on Cisco (CSCOResearch Report), with a price target of $53. The company’s shares closed yesterday at $47.58.

According to, Ruykhaver is a top 100 analyst with an average return of 25.8% and a 80.9% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Varonis Systems, and Proofpoint Inc.

Currently, the analyst consensus on Cisco is a Moderate Buy with an average price target of $53.17, which is an 11.7% upside from current levels. In a report issued on February 6, Oppenheimer also assigned a Buy rating to the stock with a $50 price target.

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The company has a one-year high of $49.47 and a one-year low of $40.19. Currently, Cisco has an average volume of 25.4M.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock.

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