BidaskClub upgraded shares of Cisco Systems (NASDAQ:CSCO) from a buy rating to a strong-buy rating in a research report released on Friday, January 5th.
Other equities analysts have also issued reports about the stock. Piper Jaffray Companies restated a buy rating and set a $36.00 target price on shares of Cisco Systems in a research report on Thursday, October 12th. KeyCorp set a $33.00 target price on shares of Cisco Systems and gave the stock a buy rating in a research report on Wednesday, October 11th. ValuEngine upgraded shares of Cisco Systems from a hold rating to a buy rating in a research report on Tuesday, September 26th. Oppenheimer reiterated a buy rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Monday, September 25th. Finally, Vetr lowered shares of Cisco Systems from a strong-buy rating to a buy rating and set a $36.12 price objective on the stock. in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Cisco Systems presently has a consensus rating of Buy and a consensus price target of $37.93.
Cisco Systems (NASDAQ CSCO) traded up $0.77 during mid-day trading on Friday, reaching $40.87. 23,712,990 shares of the company’s stock were exchanged, compared to its average volume of 20,490,000. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. Cisco Systems has a 12 month low of $29.84 and a 12 month high of $40.93. The firm has a market capitalization of $202,050.00, a PE ratio of 21.18, a P/E/G ratio of 3.63 and a beta of 1.19.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. equities analysts predict that Cisco Systems will post 2.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 2.84%. Cisco Systems’s payout ratio is currently 60.10%.
In other news, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the completion of the transaction, the senior vice president now owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the transaction, the insider now directly owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock valued at $12,892,271 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in Cisco Systems by 23.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after purchasing an additional 11,972,070 shares during the last quarter. Stifel Financial Corp raised its stake in Cisco Systems by 6,109.5% in the 3rd quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock valued at $273,977,000 after purchasing an additional 8,016,561 shares during the last quarter. Vanguard Group Inc. raised its stake in Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after purchasing an additional 7,411,891 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Cisco Systems by 54.2% during the 2nd quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock valued at $449,544,000 after acquiring an additional 5,049,326 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Cisco Systems by 51.1% during the 2nd quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock valued at $423,475,000 after acquiring an additional 4,577,831 shares during the last quarter. 75.55% of the stock is owned by institutional investors and hedge funds.
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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).
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