Cisco Systems (NASDAQ:CSCO) EVP Wim Elfrink sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $24.94, for a total value of $623,500.00. Following the completion of the transaction, the executive vice president now directly owns 246,133 shares in the company, valued at approximately $6,138,557. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cisco Systems (NASDAQ:CSCO) traded up 0.61% on Monday, hitting $24.80. 7,416,984 shares of the company’s stock traded hands. Cisco Systems has a 1-year low of $20.22 and a 1-year high of $26.08. The stock’s 50-day moving average is $25.28 and its 200-day moving average is $23.72. The company has a market cap of $127.0 billion and a price-to-earnings ratio of 16.54.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 13th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.02. The company had revenue of $12.40 million for the quarter, compared to the consensus estimate of $12.14 billion. Analysts expect that Cisco Systems will post $2.16 EPS for the current fiscal year.
A number of research firms have recently commented on CSCO. Analysts at Zacks reiterated a “neutral” rating on shares of Cisco Systems in a research note on Thursday, August 14th. They now have a $26.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Cisco Systems from $26.00 to $28.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Cisco Systems from $30.00 to $33.00 in a research note on Thursday, August 14th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.60.
Cisco Systems, Inc (NASDAQ:CSCO) 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.
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