Cisco Systems (CSCO) Receives a Hold from Robert W. Baird

Robert W. Baird analyst Jonathan Ruykhaver maintained a Hold rating on Cisco Systems (CSCOResearch Report) today. The company’s shares closed last Wednesday at $48.10.

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 20.8% and a 66.1% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies, Ping Identity Holding, and CrowdStrike Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cisco Systems with a $50.38 average price target, which is a 6.6% upside from current levels. In a report issued on August 7, Cleveland Research also maintained a Hold rating on the stock.

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The company has a one-year high of $53.07 and a one-year low of $32.40. Currently, Cisco Systems has an average volume of 21.8M.

Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSCO in relation to earlier this year.

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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.