Wall Street brokerages expect Cisco Systems, Inc. (NASDAQ:CSCO) to post $11.80 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Cisco Systems’ earnings, with the lowest sales estimate coming in at $11.73 billion and the highest estimate coming in at $11.91 billion. Cisco Systems reported sales of $11.58 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The firm is expected to report its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Cisco Systems will report full year sales of $11.80 billion for the current fiscal year, with estimates ranging from $48.01 billion to $48.99 billion. For the next year, analysts expect that the company will post sales of $49.60 billion per share, with estimates ranging from $48.37 billion to $51.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. Cisco Systems’s revenue for the quarter was down 1.7% on a year-over-year basis.

CSCO has been the subject of several analyst reports. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 target price for the company in a research note on Wednesday, September 6th. ValuEngine downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research note on Tuesday, October 31st. Deutsche Bank AG reiterated a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a research note on Wednesday, September 6th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Cisco Systems in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.73.

Cisco Systems (NASDAQ:CSCO) traded up $0.60 on Tuesday, reaching $36.50. 26,897,800 shares of the company’s stock traded hands, compared to its average volume of 20,241,834. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $36.67. The stock has a market capitalization of $181,630.00, a P/E ratio of 16.54, a P/E/G ratio of 3.17 and a beta of 1.15.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s dividend payout ratio is 60.10%.

In other news, SVP Karen Walker sold 23,110 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $740,906.60. Following the sale, the senior vice president now owns 192,774 shares in the company, valued at $6,180,334.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mark D. Chandler sold 65,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The disclosure for this sale can be found here. In the last three months, insiders sold 485,138 shares of company stock worth $15,347,574. Insiders own 0.05% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Cisco Systems by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 3,671,203 shares of the network equipment provider’s stock worth $123,463,000 after acquiring an additional 12,644 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in shares of Cisco Systems by 1.5% in the third quarter. Crestwood Advisors Group LLC now owns 739,911 shares of the network equipment provider’s stock worth $24,883,000 after acquiring an additional 11,207 shares during the last quarter. First Fiduciary Investment Counsel Inc. grew its stake in shares of Cisco Systems by 1.2% in the third quarter. First Fiduciary Investment Counsel Inc. now owns 703,080 shares of the network equipment provider’s stock worth $23,645,000 after acquiring an additional 8,230 shares during the last quarter. Coastline Trust Co boosted its stake in Cisco Systems by 10.2% during the third quarter. Coastline Trust Co now owns 116,532 shares of the network equipment provider’s stock worth $3,919,000 after buying an additional 10,809 shares in the last quarter. Finally, Atlantic Trust LLC boosted its stake in Cisco Systems by 2.0% during the third quarter. Atlantic Trust LLC now owns 109,571 shares of the network equipment provider’s stock worth $3,685,000 after buying an additional 2,130 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

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