Several research analysts have commented on the stock. The stock has "Buy" rating by RBC Capital Markets on Wednesday, September 6. Ferguson Wellman Capital Management Inc bought 129,991 shares as the company's stock declined 7.50% while stock markets rallied.
On October 24, 2017 Needham & Company LLC reiterated a "Hold" rating on the company. Robert W. Baird reissued an outperform rating and issued a $35.00 price objective on shares of Cisco Systems in a report on Tuesday, December 6th. Finally, Deutsche Bank AG set a $40.00 target price on shares of Cisco Systems and gave the company a "buy" rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have given a buy rating to the stock. (NASDAQ:CSCO) earned "Buy" rating by Goldman Sachs on Thursday, August 13. Cisco Systems now has $168.56B valuation.
In the market the company is trading up since yesterday's close of 34.04. (NASDAQ:HWKN). Riverhead Capital Mgmt Ltd Liability Corporation invested in 966 shares or 0% of the stock. It's now trading about -2.04% below its 52-week high. Cisco Systems Inc now has a P/E ratio of 17.84 and market cap is 168.26B. (NASDAQ:CSCO). Advisors Asset Management has invested 0.71% in Cisco Systems, Inc. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61.
For its second quarter of the year, Cisco Systems forecasts earnings of 59 cents per share on an adjusted basis in the midpoint (58 to 60 cents), topping Wall Street's guidance of 58 cents per share, on average. Cisco Systems, Inc. (NASDAQ:CSCO) has a 20-Day average volume of 16.52 Million.
Matched revenue estimates. The company saw revenue figures of $12.136 billion, basically matching our consensus estimate of $12.14 billion.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. American Interest Gru accumulated 7,208 shares or 0% of the stock. This represents a $1.04 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems's dividend payout ratio (DPR) is now 61.05%. The total value of its holdings increased 8.1%. It dived, as 19 investors sold USA Truck, Inc. shares while 16 reduced holdings. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7,802 shares valued at $244,125 were sold by Walker Karen on Sunday, June 11. Waters Parkerson & Lc owns 13,019 shares.
For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments.
ILLEGAL ACTIVITY NOTICE: This story was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another domain, it was copied illegally and republished in violation of United States and global trademark & copyright laws. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider's stock worth $449,544,000 after acquiring an additional 5,049,326 shares during the period. The Stratos Wealth Partners Ltd holds 152,990 shares with $4.79M value, up from 138,595 last quarter. Moreover, Aberdeen Asset Mgmt Public Ltd Com Uk has 0.53% invested in Cisco Systems, Inc. Weaver C. Barksdale & Associates Inc. now owns 32,509 shares of the network equipment provider's stock worth $933,000 after buying an additional 2,567 shares during the period. Zacks downgraded Cisco Systems, Inc.
Cisco Systems (NASDAQ:CSCO) is up 3.9% after hours following a fiscal Q1 report where it beat expectations on top and bottom lines and guided to the upside for the current quarter. The value of the total investment in Cisco Systems Inc went from $94,330,000 to $105,281,000 a change of 11.6% quarter over quarter. They expect $1.24 earnings per share, up 10.71% or $0.12 from last year's $1.12 per share. Cisco noted that product revenue was down 3%, while service revenue was up 1%.
Sales in the Americas declined 1% year over year, while revenues from Europe, the Middle East and Africa fell 3%.