Cisco Systems, Inc., SunPower Corporation Shares Fall After Earnings

Cisco Systems (NASDAQ:CSCO) had its price target upped to $37.00 by RBC Capital in an issued report issued 02/16/2017. They set an outperform rating for the company. Cisco Systems, expected to lift sales by 2.44% in next year to $49.47B. Buy rating has been given by 10 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 13 analysts given HOLD rating. Cisco Systems has an average rating of "Buy" and a consensus target price of $32.77.

If we look at stock performance in last active day trading, we see that stock has moved up 1.58% to end the day at $32.82. The sell-side target prices range from $25 to $38. The stock has moved up across its 50-day moving average of $30.67. The company has a market cap of $164.7B and now has 5.02B shares outstanding.

Cisco Systems (NASDAQ:CSCO) traded up 3.38% during trading on Thursday, hitting $33.93. Revenue in the legacy switching business, still by far its largest, fell 5 percent to $3.31 billion in the second quarter, compared with the average estimate of $3.38 billion, according to FactSet Street Account. During the same period in the previous year, the firm posted $0.57 earnings per share.

A number of analysts offered their Estimated Earnings analysis for Cisco Systems, Inc. (NASDAQ:CSCO) traded with the volume of 40.46 Million in the previous trading session. If you are viewing this article on another domain, it was stolen and republished in violation of United States and global trademark and copyright law. The company's P/E is 15.42 and Forward P/E ratio is 13.2.

Cisco also raised its quarterly dividend from $0.26 to $0.29 per share. The mean forecast was for $12.34 billion and $0.59 a share, respectively. This is the current Zacks consensus EPS which was calculated at the time of writing. The number of shares now owned by investors are 752.99 mln. NASDAQ is measured to be 5.93% in conjunction with the 200-Day Simple Moving Average of 10.50%. Walker Karen now owns 183,275 shares in the company after this transaction. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

More news: Turkey seeks to create safe zone in Syria: Erdogan

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Cisco Systems, Inc. Gross Margin percentage stands at 63.4% while its Operating Margin for trailing twelve month is 25.5 percent and Profit margin (ttm) is 21.7 Percent.

CSCO also lifted its quarterly dividend by 12%, to $0.29 per share, or $1.16 per share on an annualized basis. "That said, we expect Cisco to modestly top current quarter expectations, which are quite low". The company reported its last quarter on Oct 16. Ironwood Investment Management LLC boosted its stake in Cisco Systems by 0.3% in the third quarter. William Blair initiated coverage on shares of Cisco Systems in a report on Tuesday, January 17th. FMR LLC now owns 104,252,187 shares of the network equipment provider's stock valued at $3,150,500,000 after buying an additional 1,462,365 shares in the last quarter. Finally, Goldman Sachs Group, Inc.

The company reported that for the quarter, product revenue was down 4% however service revenue was up 5%.

Related Articles

  • Walmart Buys Outdoor Retailer Moosejaw for $51 Million

    They have apparel and gear for climbing, hiking, camping, snow sports, yoga, swimming and biking. Some include Patagonia, The North Face, Marmot and Arc'teryx.
    Kellyanne Conway Is No Longer Welcome on 'Morning Joe'

    Kellyanne Conway Is No Longer Welcome on 'Morning Joe'

    He added that the news reporting was "merely an attempt to cover-up the many mistakes made in Hillary Clinton's losing campaign". Mr Shaub asked the White House to notify him of its findings by February 28. "I recommend that the White House investigate Ms.
    Immigration Officials Arrest 235 During Midwestern Operation

    Immigration Officials Arrest 235 During Midwestern Operation

    In one case, the ICE agency charged one immigrant as a "gang member" because of old speeding tickets and tattoos. It's also unclear whether the 75 percent statistic includes more minor crimes than the examples listed.
  • Aerial Footage Shows Water Gushing Down Oroville Dam Spillway

    Aerial Footage Shows Water Gushing Down Oroville Dam Spillway

    Officials said they plan to use bags of rocks to plug the hole in the emergency spillway, but the situation is still precarious. The maps below shows the areas where there are some level of evacuation order in place across Butte, Yuba and Sutter counties.

    Fatal shooting killed two in Chicago including toddler captured on Facebook live

    The Chicago Tribune reported that Takiya Holmes, 11, died Tuesday morning from wounds she suffered in a shooting on Saturday. Screaming is heard as the footage becomes jumbled but shows the woman exiting the vehicle and running toward a house.
    [Breaking] Puzder withdraws nomination for labor secretary

    [Breaking] Puzder withdraws nomination for labor secretary

    Senate Democratic Leader Chuck Schumer fanned the flames behind the opposition to Puzder in a statement Wednesday afternoon. AFSCME President Lee Saunders said Puzder had "nothing but contempt for everything the Labor Department stands for".
  • Brain scans show potential to diagnose autism in infancy

    Now autism can reliably be diagnosed as early as age 2, but most kids aren't flagged until after age 4, according to the U.S. If the algorithm predicted that the child would be diagnosed with autism, it was correct just over 80 percent of the time.

    Ultra Street Fighter II to Receive First-Person Game Mode

    The Nintendo Switch will launch on March 3 and 99% of everyone is looking forward to the Legend of Zelda: Breath of the Wild. The Final Challengers is coming to Nintendo Switch , a boxes for the game have already started showing up in Japan.

    Hitler imitator arrested in dictator's Austrian birthplace

    One man told a local news paper: 'I have often seen this gentlemen in Braunau and wonder if this means something'. It also reported that he was later spotted in a local bookstore browsing through magazines about World War Two.
  • Half-brother of North Korean leader Kim Jong-Un assassinated in Malaysia: Yonhap

    Half-brother of North Korean leader Kim Jong-Un assassinated in Malaysia: Yonhap

    In 2001, he was arrested at Tokyo's Narita Airport after trying to enter Japan on a forged passport from the Dominican Republic. However, National Intelligence Service (NIS) soon appeared to backtrack from the report, saying that Hyon might still be alive.
    U.S.  government's $100 million lawsuit against Lance Armstrong set for trial

    U.S. government's $100 million lawsuit against Lance Armstrong set for trial

    Landis, himself a former Tour victor caught cheating, would be entitled to up to 25 percent of any money recovered. Armstrong was said to have run "the most sophisticated doping scheme in sport" by the USA anti-doping agency.

    Kulgam encounter: Separatist-backed strike in Kashmir Valley evokes mixed response

    The suspected militants had taken refuge in Frisal village when they were surrounded by police and the military, officials say. Meanwhile, the strike called by separatist groups to protest the civilian killings evoked mixed response today.