Cisco Systems, Inc. (NASDAQ:CSCO) announced a quarterly dividend on Monday, December 11th, RTT News reports. Investors of record on Friday, January 5th will be paid a dividend of 0.29 per share by the network equipment provider on Wednesday, January 24th. This represents a $1.16 annualized dividend and a yield of 3.08%.

Shares of Cisco Systems (CSCO) traded up $0.21 during trading hours on Monday, reaching $37.61. The company had a trading volume of 14,044,300 shares, compared to its average volume of 20,373,373. Cisco Systems has a 1 year low of $29.73 and a 1 year high of $38.03. The company has a market cap of $185,929.63, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 3.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. research analysts predict that Cisco Systems will post 2.21 EPS for the current fiscal year.

In other Cisco Systems news, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $821,954.28. Following the transaction, the chief accounting officer now directly owns 119,996 shares in the company, valued at approximately $3,847,071.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the transaction, the insider now owns 712,736 shares in the company, valued at $26,014,864. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 493,530 shares of company stock worth $16,993,798. 0.05% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at about $104,000. Manchester Capital Management LLC increased its position in shares of Cisco Systems by 10.7% in the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 350 shares during the last quarter. Ffcm LLC increased its position in shares of Cisco Systems by 2,025.0% in the second quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock valued at $117,000 after acquiring an additional 3,564 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Cisco Systems in the second quarter valued at about $141,000. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Cisco Systems in the second quarter valued at about $191,000. Institutional investors and hedge funds own 75.78% of the company’s stock.

Several equities analysts have commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a report on Friday, August 18th. Stifel Nicolaus set a $34.00 price target on Cisco Systems and gave the company a “hold” rating in a report on Tuesday, August 15th. Bank of America reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Cisco Systems in a report on Friday, August 18th. BidaskClub raised Cisco Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price target for the company. in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.90.

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About Cisco Systems

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).

Dividend History for Cisco Systems (NASDAQ:CSCO)

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