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Cisco Systems (CSCO) Expected to Post Quarterly Sales of $12.42 Billion

17 May 2018

The titles are as follows: "Walmart, Cisco, Macy's and More Major Earnings Coming This Week" announced on May 13, 2018, "Cisco Systems Remains Top-Performing Dow Stock" on May 12, 2018, "Cisco Systems Remains Top-Performing Dow Stock in 2018" with a publish date: April 28, 2018, "Cisco Completes Acquisition of Accompany" and the last "Research Report Identifies Cisco, Denbury Resources, EMCOR Group, Control4, Yext, and Liberty TripAdvisor with ..." with publication date: May 15, 2018. That indicates sales of $12.6 billion to $12.9 billion, compared with an average analyst prediction of $12.7 billion. The shares were sold at an average price of $45.50, for a total transaction of $940,530.50. Tarbox Family Office Inc. raised its stake in shares of Cisco Systems by 67.9% during the 4th quarter. The stock was sold at an average price of $44.10, for a total transaction of $625,734.90. Piper Jaffray reiterated an "overweight" rating and issued a $44.00 target price on shares of Cisco Systems in a research note on Wednesday, January 10th.

Cisco Systems, Inc. registered $10.28 million net activity with 0 buys and 5 insider sales since December 14, 2017. It is positive, as 51 investors sold CSCO shares while 660 reduced holdings. They issued a "buy" rating and a $48.00 target price for the company. Finally, Vetr cut Cisco Systems from a "buy" rating to a "hold" rating and set a $46.32 price target for the company.in a research report on Wednesday, April 18th. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider's stock worth $2,109,614,000 after purchasing an additional 11,972,070 shares during the last quarter.

Revenue in the company's closely watched security business, which offers firewall protection and breach detection systems, rose 11 percent to $583 million in the third quarter. Thomson Horstmann & Bryant Inc owns 1.22 million shares or 0.79% of their United States portfolio. Cisco Systems makes up 1.0% of Motco's portfolio, making the stock its 23rd largest holding. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider's stock valued at $1,639,089,000 after acquiring an additional 2,987,682 shares during the period. The firm owned 381,580 shares of the network equipment provider's stock after acquiring an additional 12,525 shares during the period. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. During the same period in the previous year, the company earned $0.57 earnings per share. The company had revenue of $11.89 billion during the quarter, compared to analyst estimates of $11.82 billion.

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Cisco Systems Inc. shares slipped in extended trading after the network-equipment maker's fourth-quarter forecasts fell short of Wall Street's most optimistic projections. Cisco Systems's dividend payout ratio is now 61.40%. On Tuesday, February 13 the stock has "Buy" rating by Citigroup. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38. Funds holding Cisco Systems Inc in top 10 increased from 142 to 180 for an increase of 38. JPMorgan Chase assumed coverage on Cisco Systems in a research report on Thursday, May 3rd. Shareholders of record on Thursday, April 5th were paid a dividend of $0.33 per share.

Cisco Systems, Inc. (CSCO)'s RSI (Relative strength index) is at 54.79, its ATR (Average True Range) value is 0.94, while its Beta factor was calculated at 1.11.

Quarterly Earnings Growth on year-over-year basis stands at 1.2 percent. Cisco Systems's dividend payout ratio (DPR) is now 61.40%.

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The company also spent United States dollars 6 billion repurchasing shares during the quarter.

In other news, Director M Michele Burns sold 12,126 shares of the business's stock in a transaction dated Monday, February 26th. The disclosure for this sale can be found here. BARTZ CAROL sold $7.59 million worth of Cisco Systems, Inc. This buyback authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued. Insiders own 0.05% of the company's stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CSCO.

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Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide.

Cisco Systems (CSCO) Expected to Post Quarterly Sales of $12.42 Billion