Cisco Systems (CSCO) Receives a Buy from Barclays

By Jason Carr

In a report released yesterday, Tim Long from Barclays maintained a Buy rating on Cisco Systems (CSCOResearch Report), with a price target of $48.00. The company’s shares closed last Thursday at $41.20.

According to TipRanks.com, Long is a 5-star analyst with an average return of 15.4% and a 61.1% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Motorola Solutions.

Currently, the analyst consensus on Cisco Systems is a Moderate Buy with an average price target of $47.33, representing a 12.4% upside. In a report issued on March 31, Wells Fargo also maintained a Buy rating on the stock with a $50.00 price target.

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Cisco Systems’ market cap is currently $174.7B and has a P/E ratio of 16.20. The company has a Price to Book ratio of 11800.96.

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Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, CA.