Cisco Systems, Inc. (NASDAQ:CSCO) a Hold: Sterne Agee CRT

In a research note issued to investors, Alex Kurtz at Sterne Agee CRT Downgraded Cisco Systems, Inc. (NASDAQ:CSCO) to a Hold. The analyst placed a $31.00 price target on the stock which indicates a 4.24% upside to the last closing price. In the year following Kurtz’s ratings, the stocks covered yield an average return of 7.1% according to In the past year 20 out of 32 recommendations or 63% were successful.

In looking at the consensus numbers, the sell-side analysts covering the stock have a mean target price of $31.857 for Cisco Systems, Inc. (NASDAQ:CSCO). This number is the mean estimate from the 21 research brokerages that recently issued reports on the firm.

According to Wall Street, Cisco Systems, Inc. (NASDAQ:CSCO) is expected to report earnings per share for the current fiscal quarter of $0.51. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-04-30 of $0.48.

The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell, has the equity is ranked 1.69 based on 21 broker recommendations. Of the 21 analyst estimates, the most bullish sees the stock reaching $36 within the next 12 months while the most bearish analyst sees the stock at $17 within the year.

Taking a look at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $2.03. The high end estimate for this time frame is $2.09 with the low being $1.99. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 7.86%, based on 7 analysts providing projections.

Cisco Systems, Inc. (Cisco) designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and worldwide. Its products are designed to transform how people connect, communicate, and collaborate. Its products are installed at enterprise businesses, public institutions, telecommunications companies, commercial businesses, and personal residences. The Company operates in three segments: The Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). In October 2013, Cisco Systems Inc completed the acquisition of Sourcefire, Inc. In October 2013, the Company announced that it has completed the acquisition of privately held WHIPTAIL.