Cisco Systems (CSCO) Earns Hold Rating from Stifel Nicolaus
Stifel Nicolaus reissued their hold rating on shares of Cisco Systems (NASDAQ:CSCO) in a report published on Thursday, MarketBeat reports. Stifel Nicolaus currently has a $40.00 price target on the network equipment provider’s stock.
A number of other analysts have also recently commented on the company. Vetr upgraded Cisco Systems from a hold rating to a buy rating and set a $35.02 price objective for the company in a research report on Wednesday, September 6th. ValuEngine cut Cisco Systems from a buy rating to a hold rating in a research report on Monday, August 28th. Oppenheimer restated a buy rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Tuesday, October 31st. Cowen restated a buy rating on shares of Cisco Systems in a research report on Friday, November 17th. Finally, Deutsche Bank restated a buy rating and issued a $45.00 price objective (up from $40.00) on shares of Cisco Systems in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $37.10.
Shares of Cisco Systems (NASDAQ CSCO) traded up $0.55 during mid-day trading on Thursday, reaching $38.74. The company had a trading volume of 2,101,213 shares, compared to its average volume of 20,438,027. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The stock has a market capitalization of $188,796.92, a PE ratio of 17.60, a P/E/G ratio of 3.45 and a beta of 1.19. Cisco Systems has a 52 week low of $29.80 and a 52 week high of $38.37.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. Cisco Systems’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. research analysts anticipate that Cisco Systems will post 2.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is currently 60.10%.
In other Cisco Systems news, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares in the company, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders have sold 273,622 shares of company stock worth $10,009,964 in the last three months. 0.05% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. purchased a new stake in Cisco Systems during the 2nd quarter worth about $231,000. Barnett & Company Inc. increased its holdings in Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares during the period. Tortoise Investment Management LLC increased its holdings in Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after purchasing an additional 878 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in Cisco Systems during the 2nd quarter worth about $104,000. Finally, Manchester Capital Management LLC increased its holdings in Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 350 shares during the period. Institutional investors own 75.78% of the company’s stock.
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Cisco Systems Company Profile
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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