Cisco Systems, Inc. (CSCO) Expected to Announce Quarterly Sales of $11.81 Billion

Equities research analysts expect Cisco Systems, Inc. (NASDAQ:CSCO) to report $11.81 billion in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for Cisco Systems’ earnings. The lowest sales estimate is $11.73 billion and the highest is $11.91 billion. Cisco Systems posted sales of $11.58 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The business is expected to announce its next earnings results after the market closes on Wednesday, February 14th.

According to Zacks, analysts expect that Cisco Systems will report full year sales of $11.81 billion for the current year, with estimates ranging from $48.01 billion to $48.99 billion. For the next fiscal year, analysts expect that the firm will post sales of $49.61 billion per share, with estimates ranging from $48.37 billion to $51.15 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share 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 business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year.

Several brokerages have recently weighed in on CSCO. Barclays increased their target price on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Jefferies Group increased their target price on shares of Cisco Systems to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Deutsche Bank reiterated a “buy” rating and set a $45.00 target price (up previously from $40.00) on shares of Cisco Systems in a research note on Thursday, November 16th. Bank of America increased their target price on shares of Cisco Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Thursday, December 14th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cisco Systems currently has an average rating of “Buy” and a consensus price target of $38.80.

Shares of Cisco Systems (NASDAQ CSCO) opened at $42.56 on Monday. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $42.69. The firm has a market cap of $210,400.56, a PE ratio of 19.61, a PEG ratio of 3.85 and a beta of 1.20. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Friday, January 5th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 2.73%. Cisco Systems’s dividend payout ratio (DPR) is currently 60.10%.

In related news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the sale, the insider now owns 712,736 shares in the company, valued at $26,014,864. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the sale, the senior vice president now owns 257,476 shares in the company, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CSCO. Swedbank boosted its holdings in shares of Cisco Systems by 13.1% in the 2nd quarter. Swedbank now owns 6,744,329 shares of the network equipment provider’s stock valued at $211,097,000 after purchasing an additional 778,863 shares during the last quarter. Hills Bank & Trust Co. boosted its holdings in shares of Cisco Systems by 10.6% in the 2nd quarter. Hills Bank & Trust Co. now owns 8,802 shares of the network equipment provider’s stock valued at $276,000 after purchasing an additional 847 shares during the last quarter. NEXT Financial Group Inc boosted its holdings in shares of Cisco Systems by 7.8% in the 2nd quarter. NEXT Financial Group Inc now owns 46,992 shares of the network equipment provider’s stock valued at $1,471,000 after purchasing an additional 3,394 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Cisco Systems by 3.4% in the 2nd quarter. Trust Co. of Vermont now owns 157,070 shares of the network equipment provider’s stock valued at $4,916,000 after purchasing an additional 5,147 shares during the last quarter. Finally, Cullinan Associates Inc. boosted its holdings in shares of Cisco Systems by 5.3% in the 2nd quarter. Cullinan Associates Inc. now owns 364,395 shares of the network equipment provider’s stock valued at $11,406,000 after purchasing an additional 18,495 shares during the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.

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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).

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