Cisco Systems (CSCO) to Release Earnings on Wednesday

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Cisco Systems (NASDAQ:CSCO) is scheduled to be releasing its Q315 earnings data on Wednesday, May 13th. Analysts expect Cisco Systems to post earnings of $0.53 per share and revenue of $12.07 billion for the quarter.

Shares of Cisco Systems (NASDAQ:CSCO) opened at 29.21 on Tuesday. Cisco Systems has a one year low of $22.49 and a one year high of $30.31. The stock’s 50-day moving average is $28. and its 200-day moving average is $27.. The company has a market cap of $149.11 billion and a P/E ratio of 17.45.

A number of analysts have recently weighed in on CSCO shares. Analysts at Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $31.84 price target on the stock in a research note on Monday. Analysts at Raymond James raised their price target on shares of Cisco Systems from $30.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday. Analysts at Pacific Crest upgraded shares of Cisco Systems from a “sector perform” rating to an “overweight” rating and raised their price target for the stock from $29.23 to $36.00 in a research note on Monday. Finally, analysts at Oppenheimer raised their price target on shares of Cisco Systems from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.85.

Cisco System, Inc (NASDAQ:CSCO) designs, manufactures, and sells Internet protocol (IP)-based networking products and services related to the communications and information technology (IT) industry. The Company also provides services associated with these products and their use and also provides products and services for transporting data, voice, and video traffic across intranets, extranets, and the Internet.

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