Cisco Systems, Inc. (CSCO) Cut to "Sell" at Vetr Inc
The Company has 52-week high of $32.84 and 52-week low of $25.65.
The revenue decline was due, in part, to continued weakness in Cisco's core switching business, which saw its revenue drop 5% year-over-year to $3.31 billion. Sell-side analyst recommendations point to a short term price target of $32.74 on the company shares. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 15.67. The stock's 50 day moving average is $30.74 and its 200 day moving average is $30.77. The company has a market cap of $164.7B and now has 5.02B shares outstanding.
Cisco Systems, Inc. closed its last trading session at $32.31 with the gain of 1.58%.
Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $0.58 and on annual basis FY 2016 estimate trends at current was for $2.37 as compared to one month ago of $2.37, and for next year per share earnings estimates have $2.49. The Return on Equity now counts at 17.00%.
They expect $0.5 EPS, down 6% or $0.03 from last year's $0.53 per share.
In case of Revenue Estimates, 27 analysts have provided their consensus Average Revenue Estimates for Cisco Systems, Inc.as 11.55 Billion.
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Among analysts who offered their Analysis on Cisco Systems, Inc. Finally, Jefferies Group reiterated an "in-line" rating and issued a $31.37 target price (down previously from $35.00) on shares of Cisco Systems in a research note on Tuesday, November 15th. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and worldwide trademark and copyright law. On the other hand, in the July 2017 quarter the company recorded a net $12.64B revenue with earnings per share of $0.63. The mean forecast was for $12.34 billion and $0.59 a share, respectively. This represents a $1.16 annualized dividend and a yield of 3.53%. Cisco Systems's payout ratio is presently 49.52%. The corporation has a weekly volatility of 1.32% resulting a monthly volatility of 1.16%. The stock was sold at an average price of $30.41, for a total transaction of $54,525.13. Walker Karen now owns 183,275 shares in the company after this transaction. The sale was disclosed in a filing with the SEC, which is available through this link.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
While looking at the Stock's Performance, Cisco Systems, Inc. now shows a Weekly Performance of 4.96%, where Monthly Performance is 9.44%, Quarterly performance is 5.52%, 6 Months performance is 7.25% and yearly performance percentage is 28.45%.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 15th.
What happened with Cisco Systems this quarter? State Street Corp now owns 218,577,771 shares of the network equipment provider's stock worth $6,605,412,000 after buying an additional 5,886,055 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in Cisco Systems by 0.3% in the third quarter. It is predicted to add 6% on day 1 and jump 7% on day 7 after the company reports upcoming earnings.
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