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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.20

+0.2%

9:39 AM EST

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To: RetiredNow who wrote (77107)	9/28/2012 10:14:09 AM
From: RetiredNow	1 Recommendation of 77397

Goldman Sachs Gives Conviction Buy Rating to Cisco Systems (CSCO) September 28th, 2012 - 0 comments - Filed Under - by Jeff Wilder dailypolitical.com Cisco Systems (NASDAQ: CSCO)‘s stock had its “conviction buy” rating restated by equities researchers at Goldman Sachs in a report issued on Friday. They currently have a $24.00 target price on the stock. Cisco Systems opened at 18.795 on Friday. Cisco Systems has a 52-week low of $14.93 and a 52-week high of $21.30. The company has a market cap of $99.427 billion and a price-to-earnings ratio of 12.61. Cisco Systems last posted its quarterly earnings results on Wednesday, August 15th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Cisco Systems will post $1.95 EPS for the current fiscal year. A number of other analysts have also recently weighed in on CSCO. Analysts at Argus reiterated a “buy” rating on shares of Cisco Systems in a research note to investors on Wednesday. Separately, analysts at Topeka Capital reiterated a “buy” rating on shares of Cisco Systems in a research note to investors on Tuesday. They now have a $23.00 price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Cisco Systems in a research note to investors on Monday. They now have a $20.00 price target on the stock. Cisco Systems, Inc. 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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