Cisco Systems (NASDAQ:CSCO) Earning Positive Press Coverage, Analysis Finds
Headlines about Cisco Systems (NASDAQ:CSCO) have been trending positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cisco Systems earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the network equipment provider an impact score of 46.7824729243018 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Clarkston Capital Partners LLC (leisuretravelaid.com)
- Price Target Analysis of Cisco Systems, Inc. (CSCO) (wobko.net)
- Take down: Hackers looking to shut down factories for pay (finance.yahoo.com)
- Analyzing the Dividend Curves of General Electric and Cisco Systems (finance.yahoo.com)
- US Market Indexes Lower With Geopolitical Concerns (finance.yahoo.com)
Several research firms have issued reports on CSCO. Berenberg Bank set a $33.00 target price on shares of Cisco Systems and gave the company a “hold” rating in a research note on Saturday, July 1st. Sanford C. Bernstein set a $38.00 target price on shares of Cisco Systems and gave the company a “buy” rating in a research note on Saturday, July 1st. BMO Capital Markets restated a “hold” rating on shares of Cisco Systems in a research note on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of Cisco Systems from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have given a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and an average price target of $35.31.
Cisco Systems (CSCO) traded down 0.16% during mid-day trading on Wednesday, hitting $31.62. The stock had a trading volume of 16,131,324 shares. The firm’s 50-day moving average price is $31.58 and its 200 day moving average price is $32.47. The company has a market cap of $158.10 billion, a PE ratio of 16.05 and a beta of 1.24. Cisco Systems has a one year low of $29.12 and a one year high of $34.60.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $11.94 billion during the quarter, compared to analysts’ expectations of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. On average, equities research analysts anticipate that Cisco Systems will post $2.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio is presently 58.29%.
In related news, insider John T. Chambers sold 295,537 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total transaction of $9,315,326.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the transaction, the senior vice president now directly owns 271,725 shares in the company, valued at approximately $8,616,399.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 396,179 shares of company stock valued at $12,503,407. Company insiders own 0.11% of the company’s stock.
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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).
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