Cisco Systems, Inc. (NASDAQ:CSCO) has been given a consensus recommendation of “Buy” by the thirty-six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $38.41.
A number of brokerages have recently weighed in on CSCO. Zacks Investment Research cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets restated a “hold” rating and issued a $32.00 price objective on shares of Cisco Systems in a research note on Thursday, September 28th. Vetr cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price objective for the company. in a research note on Monday, September 25th. Piper Jaffray Companies restated an “overweight” rating and issued a $44.00 price objective on shares of Cisco Systems in a research note on Wednesday, January 10th. Finally, Credit Suisse Group restated a “hold” rating and issued a $35.00 price objective on shares of Cisco Systems in a research note on Friday, October 6th.
Cisco Systems (CSCO) traded up $0.10 during midday trading on Monday, reaching $41.30. 19,609,869 shares of the company’s stock were exchanged, compared to its average volume of 20,040,000. 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 has a market capitalization of $204,170.00, a PE ratio of 21.40, a PEG ratio of 3.67 and a beta of 1.19. Cisco Systems has a 1 year low of $29.92 and a 1 year high of $41.48.
Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. analysts expect that Cisco Systems will post 2.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.81%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.
In other news, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the sale, the insider now owns 712,736 shares in the company, valued at approximately $26,014,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the sale, the senior vice president now owns 176,418 shares in the company, valued at approximately $6,437,492.82. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock worth $12,892,271 in the last 90 days. 0.05% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Catawba Capital Management VA lifted its position in Cisco Systems by 1.0% during the 2nd quarter. Catawba Capital Management VA now owns 165,507 shares of the network equipment provider’s stock worth $5,180,000 after buying an additional 1,684 shares in the last quarter. Curbstone Financial Management Corp lifted its position in Cisco Systems by 1.6% during the 2nd quarter. Curbstone Financial Management Corp now owns 37,067 shares of the network equipment provider’s stock worth $1,160,000 after buying an additional 575 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in Cisco Systems by 3.0% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 10,680 shares of the network equipment provider’s stock worth $334,000 after buying an additional 315 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC acquired a new position in Cisco Systems during the 2nd quarter worth about $319,000. Finally, Beacon Financial Group lifted its position in Cisco Systems by 2.9% during the 2nd quarter. Beacon Financial Group now owns 24,880 shares of the network equipment provider’s stock worth $781,000 after buying an additional 700 shares in the last quarter. Institutional investors own 75.60% 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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