Stock Watch: Cisco Systems, Inc. (NASDAQ:CSCO)

[Fortune] Cisco Systems, Inc. (NASDAQ:CSCO)  is embarking on a new mission to sell analytics services using information gleaned from devices connected to its networking equipment—everything from smartphones to cameras. The ambitious plan is part of Cisco’s “Internet of Everything” strategy—its desire to see its technology become the connective tissue helping businesses (or anyone else for that matter) gather more information about virtually every piece of equipment or technology relating to operations. For Cisco CEO John Chambers, who has held his position for more than three decades, the launch could become a defining moment in his legacy.

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Stock Analysis

In terms of market cap, Cisco Systems, Inc. (NASDAQ:CSCO) is now valued at 141.08 billion. The company last reported earnings per share of 1.48 on Nov 12th. The company is expected to report earnings per share next year 4.87% higher than this year.  The five year earnings per share estimate is at 7.64%.

In terms of ownership, company insiders have sold 7.15% of their stock over the past quarter while institutions have increased their positions by 1.60%.  As a whole, institutions own 75.90% of the total outstanding shares.

Analysts Perspective

Several analysts have recently issued updates on the company. One recent update included UBS  Reiterating of the stock on Dec 01st with a Buy rating and $30.50 price target.  Prior to that, RBC Capital Mkts also weighed in on the stock. RBC Capital Mkts Reiterated their Outperform stance on the company on Nov 24th moving their price target of $29.  Analysts as a whole have a target price of $26.88 and a recommendation score of 2.40.

Company Profile

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers service provider video infrastructure, including set-top boxes, cable/telecommunications access products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising unified communications products, Web-based collaborative offerings, and telepresence systems; data center products, such as blade and rack servers, fabric interconnects, software, and server access virtualization solutions; security products, including network security, Web and email security, cloud Web security, advanced malware protection, and data center security, as well as network admission control and identity services; and other products, such as emerging technologies and other networking products. Further, the company offers wireless products consisting of wireless access points; network managed services; and standalone, switch-converged, and cloud managed solutions. Additionally, it provides technical support services and advanced services. The company serves businesses of various sizes, public institutions, telecommunications companies, other service providers, and individuals. Cisco Systems, Inc. was founded in 1984 and is headquartered in San Jose, California.

Stock Watch: Cisco Systems, Inc. (NASDAQ:CSCO) was last modified: December 16th, 2014 by Joe Duerr

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