Cisco Systems Inc Reported Higher Revenue

Cisco Systems, Inc. (NASDAQ:CSCO) topped its 52-week high price of $32.84 on Feb 15, 2017 and 52-Week Low Price of $25.65 on Feb 24, 2016.

The 27 analysts offering 12-month price forecasts for Cisco have a median target of 33.00, with a high estimate of 38.00 and a low estimate of 25.00. On average, analysts expect that Cisco Systems will post $2.37 earnings per share for the current fiscal year.

Currently, CSCO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company's latest earnings report.

The stock increased 1.06% or $0.34 during the last trading session, hitting $32.47. Over the last six months and over the last three months, the shares of Cisco Systems, Inc.

Cisco Systems (NASDAQ:CSCO) had its price target upped to $37.00 by RBC Capital in an issued report issued 02/16/2017. During the same quarter a year ago, the company posted $0.57 EPS. The Next Year EPS growth is 5.1%, Long term annual growth estimate of 10.93%, Annual EPS growth past 5 years of 6.05 percent. The consensus estimates by the analysts are projecting for $0.58 of earnings per share and $11.86 billion in revenue. FMR LLC boosted its stake in Cisco Systems by 1.4% in the fourth quarter. The firm has a 50-day moving average of $30.15 and a 200-day moving average of $30.48.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.58 per share according to consensus of 29 analysts. The company had revenue of $12352.00 million for the quarter, compared to analysts expectations of $12331.53 million.

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The liquidity measure in recent quarter results of the company was recorded 3.60 as current ratio, on the other side the debt to equity ratio was 0.55, and long-term debt to equity ratio remained 0.55. The Stock now has the market capitalization of $164.7 Billion, P/E (price to earnings ttm) of 15.67 and Weekly volatility of 1.46% and monthly volatility of 1.18% respectively.

August 17, 2016: Cisco Systems, Inc. Quarterly GAAP net loss was $167 million, or ($0.23) per diluted share, with quarterly non-GAAP net income of $119 million, or $0.16 per diluted share.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. This represents a $1.16 dividend on an annualized basis and a yield of 3.53%. Cisco Systems's dividend payout ratio is presently 49.52%. The consensus rating is 2.2, suggesting the market has given up on the stock. Trust Department MB Financial Bank N A now owns 21,733 shares of the network equipment provider's stock worth $596,000 after buying an additional 4,371 shares during the period. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Average Volume of the company is 40.46 Million, while the Relative Volume of the company is 1.81. Finally, Price T Rowe Associates Inc.

Although we were anxious about the lack of a December enterprise budget flush, we were negatively surprised that Switching sales dropped 5% y/y and missed our estimate by $143 million. Institutional investors and hedge funds own 75.24% of the company's stock.

  • Ronnie Bowen