As Price Evens Out, Cisco Gets A Downgrade From Vetr

The Vetr crowd downgraded their rating for Cisco Systems, Inc. CSCO on Monday, from 4.5 stars (Strong Buy), issued 68 days ago, to 4 stars (Buy). Crowd sentiment for the stock is generally positive, with 87 percent of Vetr user ratings bullish.

Cisco has had a strong showing in 2016 under new CEO Chuck Robbins, who was appointed in mid 2015. Share have seen 31 percent growth since last February and were hovering around $30.10 on Monday. That's 14 percent higher than where the stock was at this time last year.

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Currently, the Vetr crowd's average target price for the stock is at $33.56, which is still above the average analyst price of $33.72. Less than 2 percent of Vetr users are holding CSCO in their watch lists.