The rating by the firm was issued on August 19, 2016.
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Company mean estimate for revenue for the ongoing quarter ending Oct 16 is $12.35B by 27 analysts. Keeping an eye on the stock price relative to its moving averages may be useful when trying to figure out share movement in the future. The Company holds 1026.79 million shares outstanding. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The stock now shows the Market Capitalization of 7.02 Million. The ratio fall, as 66 funds sold all CSCO shares owned while 601 reduced positions.
Several large investors have recently modified their holdings of CSCO.
Cisco Systems is cutting up to 7% of its global workforce or 5,500 jobs starting this summer. When the stock is trading below a moving average, the average may provide a level of resistance.
Two Movers inside Analysts Radar: Cisco Systems, Inc.
Over the past five trading sessions shares of Leidos Holdings, Inc. The stock stands almost $20.27 off versus the 52-week high of $59.52 and $1.46 above the 52-week low of $37.79. Heathbridge Capital Management Ltd. owns 833,950 shares or 6.61% of their USA portfolio.
08/18/2016 – Cisco Systems, Inc. had its “buy” rating reiterated by analysts at Deutsche Bank. Finally, Aviva PLC boosted its stake in shares of Cisco Systems by 4.2% in the first quarter. Cisco Systems makes up approx 0.02% of D’orazio Associates’s portfolio.Badgley Phelps Bell Inc reduced its stake in CSCO by selling 877 shares or 3.7% in the most recent quarter. The company has a market cap of $153.71 billion. The stock’s 50 day moving average price is $30.29 and its 200-day moving average price is $28.14. Shares of the company reached a high of $124.42 and touched a low of $123.51.
Cisco Systems (NASDAQ:CSCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The network equipment provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Cisco Systems’s quarterly revenue was down 1.6% on a year-over-year basis.
According to the Last Earnings Report, XG Technology, Inc reported Actual EPS of $-2.16/Share whereas, the Analyst Estimated EPS was $-1.68/share. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The ex-dividend date was Tuesday, July 5th. Now the company’s dividend is at 1.04, whereas, the Dividend Yield stood at 3.39 Percent. Drexel Hamilton restated a buy rating and set a $36.00 target price (up from $34.00) on shares of Cisco Systems in a report on Saturday, May 14th.
Also, Major Brokerage house, Argus Research maintains its ratings on Cisco Systems (NASDAQ:CSCO).
These professional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you’re considering.
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Cisco System, Inc. (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet.
