Monday, 15 October, 2018


Brokerages Anticipate Cisco Systems (CSCO) Will Announce Quarterly Sales of $12.42 Billion

Cisco is seen during the Mobile World Congress in Barcelona Cisco is seen during the Mobile World Congress in Barcelona Spain
Conrad Doyle | 17 May, 2018, 14:21

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. Investors holded 3.60 billion in 2017Q3 but now own 3.54 billion shares or 1.52% less.

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.

Cisco Systems, Inc. registered $10.28 million net activity with 0 buys and 5 insider sales since December 14, 2017. Finally, IFG Advisory LLC bought a new stake in shares of Cisco Systems in the fourth quarter valued at about $2,375,000. Analysts expected Cisco to report earnings of 65 cents on sales of $12.44 billion for the period ended April 28.

In other Cisco Systems news, EVP David Goeckeler sold 20,671 shares of the firm's stock in a transaction on Thursday, March 15th.

Piper Jaffray analysts recently suggested that Cisco might benefit in competition especially against VMware Inc.by buying so-called hyperconverged system and software provider Nutanix Inc.

Cisco CSCO, +0.11% is scheduled to report fiscal third-quarter earnings on Wednesday after the close of trading. The shares were sold at an average price of $45.50, for a total transaction of $940,530.50. The firm has a market cap of $215,391.23, a price-to-earnings ratio of 20.85, a PEG ratio of 3.20 and a beta of 1.14. 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. They issued a "buy" rating and a $48.00 target price for the company. BlackRock Inc. now owns 339,004,547 shares of the network equipment provider's stock worth $14,539,904,000 after purchasing an additional 3,630,488 shares in the last quarter.

The quarterly revenue uptick is the second one in a row after a string of six straight quarters of declining revenue as Cisco struggled to transition its business from declining hardware to more of a software and subscription-based services company. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider's stock valued at $2,109,614,000 after acquiring an additional 11,972,070 shares during the last quarter. The institutional investor bought 18,401 shares of the network equipment provider's stock, valued at approximately $705,000. Geode Capital Management LLC lifted its stake in shares of Cisco Systems by 1.7% during the fourth quarter. Citigroup maintained the shares of CSCO in report on Tuesday, August 9 with "Buy" rating. Delphi Private Advisors LLC raised its stake in shares of Cisco Systems by 307.8% during the 4th quarter.

Cisco Systems, Inc. shares rose $0.05 (+0.11%) in premarket trading Wednesday.

"Like other old smoke stack tech companies - MSFT, INTC, ORCL - this has been a somewhat of a slow process", said Dan Morgan, portfolio manager at Synovus Trust Company, who owns 362,980 shares of Cisco. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. For the most recent quarter, quick ratio was 2.4, current ratio was 2.4, LT Debt/Equity ratio was 0.49 and Total Debt/Equity ratio stands at 0.76, while Payout ratio is 0.

Cisco Systems, Inc. has been given an analysts' mean target of 49.71. Cisco Systems has a 12-month low of $45.14 and a 12-month high of $45.54. Poplar Forest Cap Ltd Liability has invested 1.5% of its capital in Cisco Systems, Inc. This represents a $1.32 annualized dividend and a yield of 2.94%. Cisco Systems's dividend payout ratio (DPR) is now 61.40%. Also, Director Arun Sarin sold 14,189 shares of the stock in a transaction on Tuesday, February 20th.

Cisco Systems announced that its board has initiated a share repurchase plan on Wednesday, February 14th that permits the company to buyback $25.00 billion in outstanding shares. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,986 shares of company stock worth $2,116,422. This repurchase authorization allows the network equipment provider to buy shares of its stock through open market purchases. Following the completion of the sale, the director now owns 74,479 shares of the company's stock, valued at $3,379,112.23.

The prolific corporate acquirers of the startup which previously have used its cash reserves for acquiring different companies have this time made a decision to serve as the anchor limited-partner investor in this venture. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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