“Cisco reported strong Jan.-quarter results while guiding Apr.-quarter revenues/EPS in line with consensus. Strength was broad-based geographically and across product lines, with robust enterprise, public sector and commercial order growth trends. Management commentary indicated Cisco remains relatively unaffected by the noisy macro/political atmosphere, and we believe it is benefiting from its position at the intersection of secular digitization trends, the importance of the network, and a product refresh cycle/software transition. These elements enable Cisco to execute when not all can. We see further upside as Cisco builds its multi-domain architecture coupled with an aggressive buyback and solid dividend yield. Raising estimates for guidance/ results; our PT goes to $52 (from $50). Maintain Outperform.”
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 28.6% and a 69.9% success rate. Kidron covers the Technology sector, focusing on stocks such as Citrix Systems, New Relic Inc, and Cloudera Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cisco with a $52.85 average price target, implying an 11.3% upside from current levels. In a report issued on February 11, Raymond James also reiterated a Buy rating on the stock with a $52 price target.
Cisco’s market cap is currently $214.6B and has a P/E ratio of 131.94. The company has a Price to Book ratio of 4.89.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.
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