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 TipRanks.com, 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.