$11.82 Billion in Sales Expected for Cisco Systems, Inc. (CSCO) This Quarter

Analysts forecast that Cisco Systems, Inc. (NASDAQ:CSCO) will announce sales of $11.82 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Cisco Systems’ earnings, with the highest sales estimate coming in at $11.91 billion and the lowest estimate coming in at $11.73 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 2.1%. The firm is expected to issue its next earnings report after the market closes on Wednesday, February 14th.

On average, analysts expect that Cisco Systems will report full year sales of $11.82 billion for the current financial year, with estimates ranging from $48.01 billion to $48.99 billion. For the next financial year, analysts expect that the firm will report sales of $49.75 billion per share, with estimates ranging from $48.37 billion to $51.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. During the same period in the prior year, the firm earned $0.57 EPS.

A number of analysts recently weighed in on the company. Citigroup lifted their price target on Cisco Systems from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday. Instinet lifted their price target on Cisco Systems from $39.53 to $46.00 and gave the company a “buy” rating in a research note on Monday. Nomura raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Monday. Royal Bank of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of Cisco Systems in a report on Monday. Finally, Vetr raised Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 price objective for the company in a report on Monday. Eleven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Cisco Systems has an average rating of “Buy” and a consensus target price of $40.38.

In related news, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the transaction, the senior vice president now directly owns 257,476 shares in the company, valued at $9,892,227.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $211,131.14. Following the completion of the transaction, the senior vice president now owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock valued at $12,892,271 over the last quarter. Insiders own 0.05% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in Cisco Systems by 12.8% during the fourth quarter. Bank of New York Mellon Corp now owns 122,958,272 shares of the network equipment provider’s stock valued at $4,709,302,000 after acquiring an additional 13,927,416 shares during the period. Ameriprise Financial Inc. grew its position in Cisco Systems by 23.6% during the third quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after acquiring an additional 11,972,070 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in Cisco Systems by 91.0% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 19,498,882 shares of the network equipment provider’s stock valued at $746,806,000 after acquiring an additional 9,292,187 shares during the period. Stifel Financial Corp grew its position in Cisco Systems by 6,109.5% during the third quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock valued at $273,977,000 after acquiring an additional 8,016,561 shares during the period. Finally, Vanguard Group Inc. grew its position in Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after acquiring an additional 7,411,891 shares during the period. Hedge funds and other institutional investors own 75.42% of the company’s stock.

Shares of Cisco Systems (NASDAQ:CSCO) opened at $42.09 on Thursday. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $42.98. The firm has a market capitalization of $203,825.53, a P/E ratio of 19.00, a P/E/G ratio of 3.71 and a beta of 1.23.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, April 5th will be paid a $0.33 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 3.14%. Cisco Systems’s dividend payout ratio is presently 60.10%.

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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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