News stories about Cisco Systems (NASDAQ:CSCO) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cisco Systems earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the network equipment provider an impact score of 46.6863885223798 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several analysts have recently issued reports on CSCO shares. Drexel Hamilton reiterated a “buy” rating and issued a $39.00 price objective on shares of Cisco Systems in a research note on Tuesday, August 15th. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a research note on Wednesday, August 16th. BidaskClub upgraded Cisco Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Stifel Nicolaus set a $34.00 target price on Cisco Systems and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, Cowen reissued an “outperform” rating and issued a $39.00 target price on shares of Cisco Systems in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.90.
Shares of Cisco Systems (NASDAQ CSCO) traded up $0.21 during mid-day trading on Friday, hitting $37.61. The company’s stock had a trading volume of 13,777,371 shares, compared to its average volume of 24,019,734. The stock has a market capitalization of $184,891.47, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. Cisco Systems has a 12 month low of $29.73 and a 12 month high of $38.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. research analysts forecast that Cisco Systems will post 2.21 EPS for the current fiscal year.
In other news, CEO Charles Robbins sold 121,390 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the completion of the sale, the chief executive officer now owns 552,694 shares in the company, valued at $17,719,369.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the sale, the chief accounting officer now owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 493,530 shares of company stock worth $16,993,798. Corporate insiders own 0.05% of the company’s stock.
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Cisco Systems Company Profile
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).
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