Cisco Systems, Inc. (NASDAQ:CSCO) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Shareholders of record on Thursday, April 5th will be given a dividend of 0.33 per share by the network equipment provider on Wednesday, April 25th. This represents a $1.32 dividend on an annualized basis and a yield of 3.14%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29.
Cisco Systems (NASDAQ CSCO) traded up $0.86 during trading hours on Wednesday, reaching $42.09. 42,319,865 shares of the company’s stock were exchanged, compared to its average volume of 28,730,000. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The stock has a market capitalization of $208,080.00, a P/E ratio of 21.81, a P/E/G ratio of 3.65 and a beta of 1.23. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $42.98.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. Cisco Systems’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. research analysts anticipate that Cisco Systems will post 2.23 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CSCO. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Cisco Systems in the 2nd quarter worth about $231,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Cisco Systems in the 2nd quarter worth about $104,000. Manchester Capital Management LLC lifted its position in shares of Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after buying an additional 350 shares during the last quarter. Ffcm LLC lifted its position in shares of Cisco Systems by 2,025.0% in the 2nd quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock worth $117,000 after buying an additional 3,564 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new position in shares of Cisco Systems in the 2nd quarter worth about $141,000. Hedge funds and other institutional investors own 75.42% of the company’s stock.
A number of equities analysts have weighed in on CSCO shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research note on Wednesday, November 15th. BidaskClub raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Vetr raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 price target on the stock in a research note on Monday, February 5th. ValuEngine raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $42.00 price objective on shares of Cisco Systems in a research report on Tuesday, November 14th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $40.38.
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).
Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.