Piper Sandler analyst James Fish has maintained a Hold rating on Cisco Systems and set a price target of $86.00 for the stock.
Fish, who specializes in the Technology sector, also tracks companies like Motorola Solutions, CommVault Systems, and Cisco Systems. According to TipRanks, Fish has an average return of 10.6% and a success rate of 56.45% on his stock recommendations.
Alongside Fish’s assessment, Cisco Systems also received a Hold rating from Sebastien Naji of William Blair in a report issued today. However, Morgan Stanley diverged from the trend, keeping a Buy rating on Cisco Systems (NASDAQ: CSCO).
In its most recent earnings report for the quarter ending July 31, Cisco Systems posted quarterly revenue of $14.67 billion and a net profit of $2.82 billion. This is a notable increase from the same period last year, when the company reported revenue of $12.7 billion and a net profit of $1.89 billion.