Cisco Systems, Inc. (NASDAQ:CSCO) – Investment analysts at Piper Jaffray Companies increased their Q2 2019 earnings per share (EPS) estimates for Cisco Systems in a research note issued on Monday, January 14th. Piper Jaffray Companies analyst A. Nowinski now expects that the network equipment provider will post earnings of $0.66 per share for the quarter, up from their previous forecast of $0.65. Piper Jaffray Companies has a “Overweight” rating and a $53.00 price target on the stock.

CSCO has been the subject of a number of other reports. KeyCorp boosted their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, November 15th. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Cisco Systems in a research note on Thursday, November 15th. Nomura lowered shares of Cisco Systems from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Friday, December 14th. Finally, Credit Suisse Group boosted their target price on shares of Cisco Systems from $43.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, November 15th. Eight investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $51.05.

CSCO stock opened at $44.02 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42. Cisco Systems has a twelve month low of $37.35 and a twelve month high of $49.47. The firm has a market cap of $208.16 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.53 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The business had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $12.86 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the business. Navellier & Associates Inc increased its holdings in shares of Cisco Systems by 5.6% during the fourth quarter. Navellier & Associates Inc now owns 57,582 shares of the network equipment provider’s stock valued at $2,495,000 after acquiring an additional 3,042 shares in the last quarter. Windsor Group LTD increased its holdings in Cisco Systems by 24.1% in the 4th quarter. Windsor Group LTD now owns 19,555 shares of the network equipment provider’s stock worth $847,000 after buying an additional 3,798 shares during the period. Intl Fcstone Inc. increased its holdings in Cisco Systems by 3.5% in the 4th quarter. Intl Fcstone Inc. now owns 15,554 shares of the network equipment provider’s stock worth $674,000 after buying an additional 527 shares during the period. RNC Capital Management LLC increased its holdings in Cisco Systems by 2.1% in the 4th quarter. RNC Capital Management LLC now owns 1,238,769 shares of the network equipment provider’s stock worth $53,676,000 after buying an additional 25,354 shares during the period. Finally, Vigilant Capital Management LLC increased its holdings in Cisco Systems by 6.7% in the 4th quarter. Vigilant Capital Management LLC now owns 18,678 shares of the network equipment provider’s stock worth $809,000 after buying an additional 1,177 shares during the period. 69.23% of the stock is owned by institutional investors and hedge funds.

In other Cisco Systems news, SVP Prat Bhatt sold 33,950 shares of the stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $44.86, for a total transaction of $1,522,997.00. Following the completion of the sale, the senior vice president now directly owns 90,207 shares of the company’s stock, valued at $4,046,686.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $47.44, for a total transaction of $3,320,800.00. Following the sale, the chief financial officer now directly owns 492,301 shares of the company’s stock, valued at $23,354,759.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 166,067 shares of company stock valued at $7,804,662. 0.03% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Friday, January 4th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 56.41%.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

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