Cisco Systems, Inc. (NASDAQ:CSCO) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 52,141,364 shares, an increase of 14.7% from the November 15th total of 45,463,159 shares. Based on an average trading volume of 28,338,342 shares, the short-interest ratio is presently 1.8 days. Currently, 1.1% of the shares of the company are sold short.

Cisco Systems (NASDAQ CSCO) opened at $37.91 on Wednesday. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The firm has a market cap of $185,929.63, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 3.40 and a beta of 1.19. Cisco Systems has a 12-month low of $29.80 and a 12-month high of $38.10.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ 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 net margin of 20.26% and a return on equity of 16.64%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. equities analysts predict that Cisco Systems will post 2.21 EPS for the current fiscal 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 given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, January 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.

Several analysts have commented on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 price objective on shares of Cisco Systems in a research note on Sunday, August 20th. BMO Capital Markets restated a “hold” rating and set a $32.00 price objective on shares of Cisco Systems in a research note on Thursday, September 28th. JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Berenberg Bank set a $33.00 target price on shares of Cisco Systems and gave the company a “hold” rating in a research note on Thursday, August 17th. Finally, Vetr cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price for the company. in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $36.90.

In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of Cisco Systems stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Prat Bhatt sold 2,606 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the sale, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 323,392 shares of company stock valued at $11,539,174. Company insiders own 0.05% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after buying an additional 7,411,891 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cisco Systems by 23.6% in the third quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after purchasing an additional 11,972,070 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Cisco Systems by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider’s stock valued at $1,639,089,000 after purchasing an additional 2,987,682 shares during the period. Nordea Investment Management AB grew its holdings in shares of Cisco Systems by 8.3% in the third quarter. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider’s stock valued at $1,143,876,000 after purchasing an additional 2,617,310 shares during the period. Finally, Boston Partners grew its holdings in shares of Cisco Systems by 1.1% in the third quarter. Boston Partners now owns 30,401,385 shares of the network equipment provider’s stock valued at $1,022,399,000 after purchasing an additional 329,474 shares during the period. Institutional investors own 75.78% of the company’s stock.

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About Cisco Systems

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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