Credit Suisse Maintains a Hold Rating on Cisco Systems

By Carrie Williams

Credit Suisse analyst Sami Badri maintained a Hold rating on Cisco Systems (NASDAQ: CSCO) today and set a price target of $41. The company’s shares closed yesterday at $45.16, close to its 52-week high of $46.37.

Badri commented:

“We identify CSCO as the leading and most dominant player across several communications/ networking equipment markets, but remains in transition as they continue to shift their business towards a more software/ recurring revenue model.”

According to TipRanks.com, Badri is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.7% and a 17.2% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Ubiquiti Networks, and CommScope Holding.

Cisco Systems has an analyst consensus of Strong Buy, with a price target consensus of $50.50.

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The company has a one-year high of $46.37 and a one-year low of $30.36. Currently, Cisco Systems has an average volume of 25.01M.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.

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