RBC Capital analyst Robert Muller maintained a Buy rating on Cisco Systems (NASDAQ:CSCO) on Tuesday, setting a price target of $50, which is approximately 10.06% above the present share price of $45.43.
Muller expects Cisco Systems to post earnings per share (EPS) of $0.51 for the first quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Cisco Systems, with an average price target of $49.25.
The analysts price targets range from a high of $60 to a low of $41.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $11.93 billion and a net profit of $3.17 billion. The company's market cap is $191.97 billion.
According to TipRanks.com, RBC Capital analyst Robert Muller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 47.2% and a 86.21% success rate.
Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, CA.