Analyst Revises Cisco Systems, Inc. (NASDAQ:CSCO) Stock Target


Cisco Systems, Inc. (NASDAQ:CSCO) mean price target has been set at $30.8200 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.6000 in the near-term quarter and $2.3300 for the ongoing fiscal. The market cap of Cisco Systems, Inc. was recorded at $137.55B after the stock closed at $27.3467 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Cisco Systems, Inc. (NASDAQ:CSCO) has a P/E ratio of 13.5380. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Cisco Systems, Inc. (NASDAQ:CSCO) PEG ratio sits at 1.1400. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Cisco Systems, Inc. visibly illustrates that the 50-day MA of Cisco Systems, Inc. is $28.2334, and stock is trading -0.8867 or -3.1406% distant from $28.2334. The 200-day MA is $26.9004, and this price is $0.4463 or +1.6591% off from current level. Cisco Systems, Inc. (NASDAQ:CSCO) 52-week high is $29.4900 and the 52-week low is $22.4600. This represents that if the stock moves $-2.1433 points up on the chart to make a 52-week high. But, if it declines $+21.7574%, then the shares price can hit a new 52-week low.

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