Traders Buy Large Volume of Call Options on Cisco Systems (CSCO)
Shares of Cisco Systems (NASDAQ:CSCO) saw unusually large options trading on Wednesday. Investors purchased 233,965 call options on the company, AnalystRatings.Net reports. This represents an increase of approximately 414% compared to the average volume of 45,514 call options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Cisco Systems in a research note on Tuesday. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Cisco Systems in a research note on Tuesday. They now have a $21.00 price target on the stock, down previously from $25.00. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $24.81.
Cisco Systems (NASDAQ:CSCO) traded up 0.62% during mid-day trading on Wednesday, hitting $22.85. The stock had a trading volume of 69,210,360 shares. Cisco Systems has a 52-week low of $19.98 and a 52-week high of $26.49. The stock has a 50-day moving average of $22.23 and a 200-day moving average of $22.96. The company has a market cap of $122.2 billion and a price-to-earnings ratio of 12.35.
Cisco Systems (NASDAQ:CSCO) last released its earnings data on Wednesday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $11.16 billion for the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that Cisco Systems will post $1.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.34%.
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.
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