Cisco Systems with ticker code (CSCO) have now 24 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 62 and 47 calculating the mean target price we have 55.58. Given that the stocks previous close was at 48.83 this is indicating there is a potential upside of 13.8%. The 50 day moving average now sits at 48.91 and the 200 day MA is 53.59. The company has a market cap of $204,727m. Company Website: http://www.cisco.com
Cisco Systems designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications. It also provides collaboration products comprising unified communications, TelePresence, and conferencing, as well as the Internet of Things and analytics software. In addition, the company offers security products, including network security, cloud and email security, identity and access management, advanced threat protection, and unified threat management products; and other products, and cloud and system management products. Further, it offers software-defined wide area networking products; technical support services and advanced services; and hyperconvergence software, cloud calling and contact center solutions, and AI-driven relationship intelligence platform. The company serves businesses of various sizes, public institutions, governments, and service providers. It sells its products directly, as well as through channel partners, such as systems integrators, service providers, other resellers, and distributors. Cisco Systems was founded in 1984 and is headquartered in San Jose, California.