Cisco Systems (CSCO) to Release Earnings on Tuesday

Cisco Systems (NASDAQ:CSCO) is set to post its quarterly earnings results after the market closes on Tuesday, February 13th. Cisco Systems has set its Q2 guidance at $0.58-0.60 EPS.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, analysts expect Cisco Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cisco Systems (NASDAQ:CSCO) opened at $38.78 on Tuesday. The company has a market capitalization of $191,710.00, a price-to-earnings ratio of 20.09, a P/E/G ratio of 3.69 and a beta of 1.23. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $42.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Friday, January 5th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.99%. Cisco Systems’s payout ratio is currently 60.10%.

In other news, CAO Prat Bhatt sold 2,606 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the sale, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now directly owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders have sold 348,643 shares of company stock valued at $12,892,271 over the last 90 days. 0.05% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Opes Advisors Inc boosted its position in shares of Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after buying an additional 44 shares during the period. Leisure Capital Management boosted its position in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after buying an additional 48 shares during the period. GM Advisory Group Inc. boosted its position in shares of Cisco Systems by 0.3% in the second quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock worth $612,000 after buying an additional 61 shares during the period. Heritage Trust Co boosted its position in shares of Cisco Systems by 1.2% in the second quarter. Heritage Trust Co now owns 8,381 shares of the network equipment provider’s stock worth $262,000 after buying an additional 100 shares during the period. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. boosted its position in shares of Cisco Systems by 0.4% in the second quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 30,850 shares of the network equipment provider’s stock worth $966,000 after buying an additional 125 shares during the period. 75.64% of the stock is owned by institutional investors.

Several equities analysts recently commented on the company. Loop Capital assumed coverage on Cisco Systems in a research note on Monday, January 29th. They issued a “hold” rating and a $45.00 target price for the company. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $44.13 target price for the company in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, January 31st. ValuEngine upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Friday. Finally, KeyCorp reiterated an “overweight” rating and issued a $43.00 target price (up from $39.00) on shares of Cisco Systems in a research note on Friday, January 19th. Thirteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.26.

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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).

Earnings History for Cisco Systems (NASDAQ:CSCO)

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