Positive Media Coverage Somewhat Unlikely to Affect Cisco Systems (CSCO) Stock Price
News coverage about Cisco Systems (NASDAQ:CSCO) has trended positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cisco Systems earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave news articles about the network equipment provider an impact score of 46.2829283386347 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Earnings Outlook: Cisco earnings: Amid changes, a chance to tell a cloud story (marketwatch.com)
- Cisco (CSCO) to Report Q1 Earnings: What's in the Offing? (finance.yahoo.com)
- Arista: Legal Challenges Rear Their Heads Again in 2018, Says Piper (finance.yahoo.com)
- Exclusive: ThreatQuotient just raised $30M — and one investor is also a potential acquirer (finance.yahoo.com)
- TiVo taps former AT&T, Cisco, Microsoft exec as CEO (finance.yahoo.com)
CSCO has been the subject of a number of research analyst reports. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 price target for the company in a research report on Monday, July 17th. Stifel Nicolaus set a $34.00 price target on Cisco Systems and gave the company a “hold” rating in a research report on Tuesday, August 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research report on Thursday, September 28th. JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a research report on Friday, August 18th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Cisco Systems currently has an average rating of “Buy” and an average target price of $35.31.
Cisco Systems (NASDAQ CSCO) opened at $33.96 on Tuesday. Cisco Systems has a twelve month low of $29.12 and a twelve month high of $34.75. The stock has a market capitalization of $168,110.00, a PE ratio of 15.66, a P/E/G ratio of 2.97 and a beta of 1.15. The company has a current ratio of 3.03, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. During the same quarter in the previous year, the business earned $0.63 EPS. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. equities analysts forecast that Cisco Systems will post 2.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. Cisco Systems’s dividend payout ratio is presently 61.05%.
In related news, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total value of $7,785,000.00. Following the transaction, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 485,138 shares of company stock worth $15,347,574. 0.05% of the stock is owned by company insiders.
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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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