Cisco gets upgrade to Buy at Morgan Stanley on security-driven trends

Cisco Systems Offers An Opportunity To Invest In A Cybersecurity Paradigm Shift

On May 10, we noted in our Trading Room that Cisco Systems, Inc.

The company is expected to report earnings of $0.58 a share for the next quarter. (CSCO)'s current share price. GaveKal Capital LLC now owns 280,511 shares of the network equipment provider's stock worth $8,898,000 after buying an additional 13,296 shares during the last quarter. The stock has a market capitalization of $166.62B along with 5.01B outstanding shares. They are projecting Next Quarter growth of -1.6%. Price T Rowe Associates Inc. Amalgamated Bank raised its position in Cisco Systems by 6.1% in the first quarter. The stock appeared -1.07% below its 52-week highs and is down -0.17% for the last five trades. Finally, APG Asset Management N.V. increased its stake in Cisco Systems by 64.2% in the third quarter. One is that the company's security business has been a factor to reckon with and the other is that the latest threat from Wannacry worm anti-virus could allow it to get a pound of flesh.

Cisco Systems (NASDAQ:CSCO) opened at 34.30 on Wednesday. (NASDAQ:CSCO) or 18,246 shares. $37.26's average target is 8.38% above currents $34.38 stock price. The upgrade follows a major shift toward security-defined networks, and Faucette believes this could be a potential long-term growth driver for Cisco, making the stock a great opportunity for investors who want to capitalize on this change in the cybersecurity industry. For instance, the company announced its decision to acquire a startup firm Viptela Inc. for $610 million enabling it to focus on cloud-based management of networks spread in multiple areas, which is also called as wide-area networks. Piperjaffray maintained the shares of CSCO in report on Thursday, August 18 with "Overweight" rating. On a consensus basis this yields to a Buy. (NASDAQ:CSCO) earned "Buy" rating by Deutsche Bank on Tuesday, April 11. Signalpoint Asset Management Ltd has 0.15% invested in Cisco Systems, Inc. Cisco Systems's dividend payout ratio is now 49.52%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by BBNS and is owned by of BBNS. If you are reading this piece of content on another website, it was stolen and reposted in violation of USA & global trademark & copyright legislation. 10,000 Cisco Systems, Inc.

Analysts await Becton Dickinson and Co (NYSE:BDX) to report earnings on August, 3.

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Cisco Systems, Inc.

Comey Was Disloyal, a Showboat, and Wouldn't Kill the Russia Probe
On January 26, deputy AG Sally Yates informed the White House that Mike Flynn had been compromised by the Russians. Trump later told the White House pool of reporters on Wednesday he had a "very, very good meeting" with Lavrov.

02/16/2017 - Cisco Systems, Inc. had its " rating reiterated by analysts at Needham & Company.

Cisco Systems, Inc. (CSCO)'s distance from 200 day simple moving average is 7.18 percent, its distance from 50 day simple moving average is -0.34 percent, while its distance from 20 day simple moving average is -0.23 percent. Vetr cut Cisco Systems from a "hold" rating to a "sell" rating and set a $31.80 price target on the a research note on Thursday, February 16th. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have issued a buy rating to the company's stock. Citigroup has "Buy" rating and $35 target.

In other Cisco Systems news, Director Steven M. West bought 3,027 shares of the firm's stock in a transaction dated Wednesday, February 22nd. The shares were acquired at an average price of $33.92 per share, with a total value of $102,675.84.

Hm Payson & Company decreased Spdr S&P 500 (Mkt) (SPY) stake by 12,163 shares to 67,650 valued at $15.12M in 2016Q4. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. The 1-year range for the stock is $26.49-$34.6.

In the transaction dated February 23, 2017, the great number of shares disposed came courtesy the Director; SARIN ARUN disposed a total of 13,869 shares at an average price of $34.06, amounting to approximately $472,378. Following the completion of the sale, the senior vice president now owns 77,174 shares of the company's stock, valued at approximately $2,644,752.98.

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