(NASDAQ:CSCO)’s most recent quarter, EPS moved to $0.57 from $0.57 in prior quarter and revenues reached at $12,000.00M versus $11,927.00M. About 18.87M shares traded hands. (NASDAQ:CSCO) recently. The rating firm gave a Neutral rating to this stock in a research note on April 6, 2016.
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A number of Reuters analysts recently commented on the stock.
Several other large investors have also recently made changes to their positions in CSCO. BMO Capital Markets reissued a “buy” rating and issued a $32.00 price target on shares of Cisco Systems in a research report on Sunday, July 10th. There are 14 equity research firms suggesting a Hold and 0 consider it Sell. 13 analysts have suggested the company is a “Hold”. Fiduciary Trust Co. increased its stake in shares of Cisco Systems by 7.2% in the fourth quarter. Dodge & Cox now owns 69,095,628 shares of the network equipment provider’s stock valued at $1,967,153,000 after buying an additional 1,341,950 shares during the period. Vigilant Capital Management LLC now owns 5,839 shares of the network equipment provider’s stock worth $168,000 after buying an additional 5,306 shares in the last quarter.
Indicating how profitable Cisco Systems, Inc. (NASDAQ:CSCO) ended Wednesday session in green amid volatile trading. 18,873,294 shares of the company were exchanged. The firm has a SMA 50 (Simple Moving Average) of $29.59 and a SMA 200-(Simple Moving Average) of $27.61. Cisco Systems Inc. has a 52 week low of $22.46 and a 52 week high of $31.15. The company has a market cap of $153.96 billion and the numbers of outstanding shares have been calculated to be 5.03 billion shares. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.58 and $0.61. During the same period previous year, the firm earned $0.54 earnings per share.
For the next one year, EPS estimate is set at $2.44 by 33 analysts although a year ago the analysts recommended the company’s EPS at $2.33. The company has an Average Rating of 2.11 based on Thomson Reuters I/B/E/S scale of 1-5. On average, analysts forecast that Cisco Systems will post $2.33 earnings per share for the current fiscal year. Stockholders of record on Thursday, July 7th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $1.04 annualized dividend and a dividend yield of 3.35%. “Underperform” verdict was shared by 3 analyst and “Outperform” recommendation was issued by 11 analyst. The most recent price target update was made on 2016-06-06. Oppenheimer Holdings Inc. started coverage on Cisco Systems in a research report on Monday, April 11th. The company had revenue of $12000.00 million for the quarter, compared to analysts expectations of $11951.58 million. Stifel Nicolaus restated a “buy” rating on shares of Cisco Systems in a report on Tuesday, April 12th. Analyst expected twelve month price target of $31.24.
According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations.
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In related news, Chairman John T. Chambers sold 541,667 shares of the firm’s stock in a transaction dated Thursday, May 26th. Beta factor of the stock stands at 1.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Henderson Group PLC now owns 8,957,595 shares of the network equipment provider’s stock valued at $243,243,000 after buying an additional 393,762 shares during the last quarter. The stock was sold at an average price of $29.02, for a total value of $119,939.66. Following the transaction, the Director is left with a stake of 62,072 shares, now valued at $1911818.
