Wall Street analysts’ views on Cisco
In this series, we’ve looked at Cisco’s (CSCO) position and scale in the cybersecurity space. Cisco Systems, Palo Alto Networks (PANW), Symantec (SYMC), Barracuda Networks (CUDA), FireEye (FEYE), and Fortinet (FTNT) are notable players in the cybersecurity space.
Cisco Systems (CSCO) dominates the security appliance market. In this final part of the series, let’s explore select market-centric views for Cisco.
Of the 33 analyst recommendations for Cisco Systems (CSCO) stock, there are no “sell” recommendations. As you can see in the chart above, more than 61% of analysts recommended a “hold” for Cisco stock, and the rest gave it “buy” recommendations.
Cisco’s better-than-expected fiscal 3Q17 earnings, as well as its strategic acquisitions in high-potential, rapid-growth areas, worked for the company, as many analysts have a “hold” rating for the stock.
Cisco’s price performance
The price movement for Cisco stock has been mixed. In the past month, CSCO stock has fallen ~7.5%. However, in the last year, the stock has risen ~8.9%.
Analysts’ target prices
Analysts’ consensus target price for Cisco Systems (CSCO) was $35.43 per share on May 26, 2017. On that day, the median target price was $36.00, and the closing price was $31.50.
Investors who wish to gain exposure to the cybersecurity space can consider investing in the PureFunds ISE Cyber Security ETF (HACK). HACK has a portfolio of 32 stocks and invests some of its holdings in Cisco.