Tuesday, 22 January, 2019

Cisco Earnings: A Slight Beat, a 4% Slide

Chuck Robbins Cisco CEO Chuck Robbins Business Insider
Jean Garcia | 17 May, 2018, 06:49

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 14th. In Monday, February 26 report Morgan Stanley maintained the stock with "Overweight" rating. The highest sales estimate is $12.54 billion and the lowest is $12.34 billion. During the same quarter last year, the company earned $0.57 earnings per share. research analysts predict that Cisco Systems will post 2.33 earnings per share for the current fiscal year. AE Wealth Management LLC's holdings in Cisco Systems were worth $690,000 at the end of the most recent reporting period. For the next year, analysts anticipate that the company will report sales of $50.61 billion per share, with estimates ranging from $49.90 billion to $51.55 billion. Zacks' sales calculations are an average based on a survey of sell-side research firms that follow Cisco Systems. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.59 by $0.04. The stock of Cisco Systems, Inc.

According to Zacks, analysts expect that Cisco Systems will report full year sales of $49.15 billion for the current financial year, with estimates ranging from $48.91 billion to $49.42 billion. During the same quarter in the prior year, the business posted $0.57 EPS.

Raymond James analyst Simon Leopold is among those intrigued by the company's new offerings. On Sunday, February 11 RBC Capital Markets maintained the shares of CSCO in report with "Buy" rating.

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Traders sold shares of Cisco Systems (NASDAQ:CSCO) on strength during trading on Thursday. On Monday, February 12 the stock of Cisco Systems, Inc. The company rating was maintained by Bernstein on Monday, November 27. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. The stock has "Buy" rating by Cowen & Co on Thursday, November 16. (NASDAQ:CSCO). Bluemountain Cap Mgmt Ltd Co holds 0.09% or 118,820 shs in its capital. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $46.16. The company has a market capitalization of $220.16 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.26 and a beta of 1.14. This repurchase authorization authorizes the network equipment provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Shares for $940,559 were sold by Goeckeler David on Thursday, March 15. The shares were sold at an average price of $44.10, for a total value of $625,734.90. The disclosure for this sale can be found here. Insiders sold a total of 46,986 shares of company stock valued at $2,116,422 over the last three months. The stock decreased 0.62% or $0.28 during the last trading session, reaching $45.2.

Several other large investors have also modified their holdings of CSCO. Cisco Systems Inc. had 161 analyst reports since August 4, 2015 according to SRatingsIntel. Delphi Private Advisors LLC now owns 3,552 shares of the network equipment provider's stock worth $136,000 after purchasing an additional 2,681 shares during the period. Tarbox Family Office Inc. increased its stake in Cisco Systems by 67.9% during the fourth quarter. Forward Management LLC acquired a new position in Cisco Systems during the 3rd quarter worth about $869,000. Goodman Financial Corp acquired a new stake in Cisco Systems during the fourth quarter worth approximately $115,000. These funds own 3.54 billion shares, that's down from 3.60 billion shares in 2017Q3. Finally, Mizuho Securities USA LLC lifted its holdings in Cisco Systems by 20.9% during the 4th quarter. Boston Partners now owns 33,799,233 shares of the network equipment provider's stock worth $1,294,510,000 after purchasing an additional 3,397,848 shares during the last quarter. It also provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, series, fabric interconnects, and management software solutions; wireless products consisting of wireless access points, WLAN controllers, cloud and appliances based services, and integrated software services.

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