Cisco Systems Gets a Buy Rating from Jefferies

By Ryan Adsit

In a report released today, George Notter from Jefferies reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO), with a price target of $37. The company’s shares opened today at $31.50.

According to TipRanks.com, Notter is a 4-star analyst with an average return of 7.9% and a 59.4% success rate. Notter covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Interxion Holding NV.

Currently, the analyst consensus on Cisco Systems is Moderate Buy and the average price target is $36, representing a 14.3% upside.

In a report issued on May 11, RBC Capital also reiterated a Buy rating on the stock with a $37 price target.

The company has a one year high of $34.60 and a one year low of $27.13. Currently, Cisco Systems has an average volume of 19.65M.

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.