As such, Lubert is pounding the table on Cisco shares, reiterating an Outperform rating on CSCO, while lifting the valuation range from $33 to $35 up to $35 to $38, which represents a 13% to 23% increase from where the stock is now trading.
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As of last closing trade, the ask price was noted at $33.50. (NASDAQ:CSCO) highlighted downward shift of -1.50% or -0.47 points to $30.84. The fund owned 762,114 shares of the network equipment provider’s stock after selling 10,795 shares during the period. In addition to this price estimate, the leading brokerages have announced the earnings estimates for Cisco Systems, Inc. Cisco Systems presently has a consensus rating of Buy and an average price target of $32.11. The stock closed at $31.31 for the day, a gain of 1.00% for the day session. LLC increased its position in Cisco Systems by 101.9% in the second quarter. 13 have given the stock a Hold rating, 1 as Underperform and 0 as Sell. The average volume stands around 23.04 million shares.
A number of other institutional investors also recently made changes to their positions in the stock. The stocks close on the previous trading day was $31. These analysts have also projected a Low Estimate of $0.58/share and a High Estimate of $0.64/share. Value scores approaching towards 1 means a buy recommendation and rating of 5 is considered bearish for stock. Pensionfund Sabic bought a new position in shares of Cisco Systems during the first quarter valued at $3,416,000.
According to sentiments of 27 analysts the company is expected to report revenues of $12.34B for the current quarter.
Now the Insiders own 0.10% of Cisco Systems, Inc. shares. State Street Corp now owns 204,881,308 shares of the network equipment provider’s stock valued at $5,832,976,000 after buying an additional 1,454,960 shares during the last quarter. In terms of margins, Cisco Systems, Inc. has a gross margin of 62.90%, with its operating margin at 25.70%, and Cisco Systems, Inc. has a profit margin of 21.80%.
For the quarter, the forecasted EPS stands at $0.54 for Cisco Systems, Inc.
Cisco Systems, Inc. (NASDAQ:CSCO)’s EBIT was reported as $12660 millions, which was the annual period ended 2016-07-31. The ex-dividend date is Monday, October 3rd. (NASDAQ:CSCO). The most bearish price target is $22, while the bullish group sees the stock touching $40 within the year. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.37%. Insiders own 0.13% of the company’s stock. The shares were sold at an average price of $31.08, for a total transaction of $16,834,979.28. Following the completion of the transaction, the executive vice president now owns 356,307 shares in the company, valued at approximately $10,343,592.21. The ratio fall, as 63 funds sold all Cisco Systems, Inc. shares owned while 598 reduced positions. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The disclosure for this sale can be found here. Trust Co. of Virginia VA now owns 174,867 shares of the network equipment provider’s stock valued at $4,978,000 after buying an additional 55,025 shares during the last quarter.
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Cisco Systems, Inc.is in the Networking & Communication Devices industry and Technology sector.
