Cisco Systems, Inc. to Post Q2 2018 Earnings of $0.53 Per Share, Oppenheimer Holdings Forecasts (CSCO)

Cisco Systems, Inc. (NASDAQ:CSCO) – Research analysts at Oppenheimer Holdings upped their Q2 2018 earnings estimates for Cisco Systems in a note issued to investors on Wednesday. Oppenheimer Holdings analyst I. Kidron now forecasts that the network equipment provider will post earnings of $0.53 per share for the quarter, up from their prior estimate of $0.51. Oppenheimer Holdings currently has a “Buy” rating and a $36.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Cisco Systems’ Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.56 EPS, Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.23 EPS.



Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the company earned $0.61 EPS. Cisco Systems’s revenue for the quarter was down 1.7% on a year-over-year basis.

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Several other research firms also recently commented on CSCO. Royal Bank Of Canada reiterated a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a report on Wednesday, November 15th. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price objective for the company. in a report on Monday, September 25th. Stifel Nicolaus set a $34.00 price objective on Cisco Systems and gave the stock a “hold” rating in a report on Tuesday, August 15th. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 price objective on shares of Cisco Systems in a report on Thursday, September 28th. Finally, JMP Securities reiterated a “market perform” rating on shares of Cisco Systems in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $36.73.

Cisco Systems (NASDAQ CSCO) traded up $0.22 during midday trading on Monday, reaching $36.72. The company had a trading volume of 13,463,331 shares, compared to its average volume of 20,241,834. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $36.67. The company has a market cap of $181,630.00, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 3.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the transaction, the insider now owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Prat Bhatt sold 25,638 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the transaction, the chief accounting officer now directly owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders sold a total of 485,138 shares of company stock worth $15,347,574 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Southeast Asset Advisors Inc. lifted its holdings in shares of Cisco Systems by 0.5% in the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after buying an additional 44 shares during the period. Opes Advisors Inc lifted its stake in shares of Cisco Systems by 0.6% during the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after purchasing an additional 44 shares during the last quarter. Leisure Capital Management lifted its stake in shares of Cisco Systems by 0.6% during the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after purchasing an additional 48 shares during the last quarter. Ronald Blue & Co. LLC lifted its stake in shares of Cisco Systems by 0.3% during the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after purchasing an additional 57 shares during the last quarter. Finally, Banced Corp lifted its stake in shares of Cisco Systems by 0.4% during the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

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