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Cisco's strong earnings and increased investment firm holdings boost stock, with a target price of $70.35.
Several investment firms have increased their holdings in Cisco Systems, with Pinnacle Wealth Management raising its stake by 6.0%, and Baldwin Investment Management by 55.5%.
Cisco reported better-than-expected earnings of $0.96 per share and revenue of $14.15 billion, up 11.4% year-over-year.
Analysts predict Cisco will post 3.04 EPS for the year, with a consensus "Moderate Buy" rating and a $70.35 target price.
The company has a $272.01 billion market cap and a dividend yield of 2.39%.
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Las fuertes ganancias de Cisco y el aumento de las tenencias de empresas de inversión aumentan las acciones, con un precio objetivo de $ 70.35.