Cisco Systems with ticker code (CSCO) have now 24 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 73 and 44 with the average target price sitting at 55. Given that the stocks previous close was at 44.11 this indicates there is a potential upside of 24.7%. The 50 day MA is 45.08 and the 200 day MA is 51.27. The company has a market capitalisation of $181,241m. You can visit the company’s website by visiting: https://www.cisco.com
The potential market cap would be $225,986m based on the market concensus.
Cisco Systems designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization. In addition, it provides Internet for the future product consists of routed optical networking, 5G, silicon, and optics solutions; collaboration products, such as meetings, collaboration devices, calling, contact center, and communication platform as a service; end-to-end security product consists of network security, cloud security, security endpoints, unified threat management, and zero trust; and optimized application experiences products including full stack observability and cloud-native platform. Further, the company offers a range of service and support options for its customers, including technical support and advanced services and advisory services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems has strategic alliances with other companies. Cisco Systems was incorporated in 1984 and is headquartered in San Jose, California.
