Media coverage about Cisco Systems (NASDAQ:CSCO) has been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cisco Systems earned a coverage optimism score of 2.09 on their scale. InfoTrie also assigned news articles about the network equipment provider an news buzz score of 8 out of 10, meaning that recent press coverage is very likely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Cisco Systems’ ranking:
- Cisco Systems, Inc. (CSCO) Short Interest Update (americanbankingnews.com)
- How Analysts View HPE in November (finance.yahoo.com)
- Robert W. Baird Reiterates Outperform Rating for Cisco Systems (CSCO) (americanbankingnews.com)
- Lessons from the ‘Nifty Fifty’ in the 1970s could be applied to the FANG trade today (finance.yahoo.com)
- Amazon Roundup: Sports Bidding, Worker Protest, Amazon Go & More (finance.yahoo.com)
Shares of NASDAQ:CSCO opened at $47.34 on Friday. Cisco Systems has a 52 week low of $36.73 and a 52 week high of $49.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.11. The firm has a market capitalization of $227.82 billion, a PE ratio of 20.23, a PEG ratio of 2.77 and a beta of 1.11.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $12.86 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that Cisco Systems will post 2.7 EPS for the current year.
A number of equities analysts recently issued reports on CSCO shares. Piper Jaffray Companies set a $50.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Tuesday, September 11th. JPMorgan Chase & Co. set a $59.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Thursday, August 16th. Goldman Sachs Group reaffirmed a “buy” rating and set a $56.00 target price on shares of Cisco Systems in a research report on Thursday, August 16th. BidaskClub raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Finally, UBS Group set a $56.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.26.
In other news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $47.20, for a total value of $3,304,000.00. Following the sale, the chief financial officer now owns 720,930 shares in the company, valued at approximately $34,027,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Chandler sold 31,842 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $47.20, for a total transaction of $1,502,942.40. The disclosure for this sale can be found here. Insiders sold a total of 488,943 shares of company stock worth $23,041,583 in the last 90 days. 0.03% of the stock is owned by corporate insiders.
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About Cisco Systems
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
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