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, Inc.is 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: Ben Affleck Reportedly Doesn't Want to Play Batman Anymore
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%.