Cisco Systems (CSCO) to Release Quarterly Earnings on Wednesday
Cisco Systems (NASDAQ:CSCO) will be announcing its earnings results on Wednesday, September 18th. Cisco Systems has set its Q1 guidance at $0.50-0.51 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 14th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.40 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect Cisco Systems to post $2.10 EPS for the current fiscal year and $2.29 EPS for the next fiscal year.
Cisco Systems (NASDAQ:CSCO) opened at 24.38 on Tuesday. Cisco Systems has a 1-year low of $16.68 and a 1-year high of $26.49. The stock’s 50-day moving average is $24.72 and its 200-day moving average is $23.27. The company has a market cap of $130.7 billion and a price-to-earnings ratio of 13.08.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 23rd. Investors of record on Thursday, October 3rd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, October 1st.
CSCO has been the subject of a number of recent research reports. Analysts at Lazard Capital Markets reiterated a “neutral” rating on shares of Cisco Systems (NASDAQ:CSCO) in a research note to investors on Tuesday, September 10th. They now have a $415.00 price target on the stock. On the ratings front, analysts at TheStreet reiterated a “buy” rating on shares of Cisco Systems (NASDAQ:CSCO) in a research note to investors on Tuesday, September 10th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Cisco Systems (NASDAQ:CSCO) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 2nd.
One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and an average target price of $37.75.
In other Cisco Systems news, EVP Wim Elfrink sold 5,000 shares of the stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $24.29, for a total transaction of $121,450.00. Following the completion of the sale, the executive vice president now directly owns 244,333 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Cisco Systems, Inc designs, manufactures, and sells Internet protocol (NASDAQ:CSCO)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.