Cisco Systems (CSCO) Receives Coverage Optimism Rating of 0.12
News headlines about Cisco Systems (NASDAQ:CSCO) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cisco Systems earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the network equipment provider an impact score of 46.9456162101968 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Brokerages Anticipate Cisco Systems, Inc. (CSCO) to Announce $0.59 EPS (americanbankingnews.com)
- Cisco Systems (CSCO) Jumps: Stock Rises 5.2% – Nasdaq (nasdaq.com)
- Cisco Systems, Inc. (CSCO) Cut to Hold at Vetr Inc. (americanbankingnews.com)
- Argus Increases Cisco Systems, Inc. (CSCO) Price Target to $44.00 (americanbankingnews.com)
- Cisco (CSCO) Stock Hits 52-Week High Backed by Q1 Results – Nasdaq (nasdaq.com)
Several analysts have recently commented on CSCO shares. Drexel Hamilton reiterated a “buy” rating and issued a $39.00 target price on shares of Cisco Systems in a report on Tuesday, August 15th. Credit Suisse Group reiterated a “buy” rating on shares of Cisco Systems in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a report on Tuesday, August 8th. Robert W. Baird set a $38.00 target price on shares of Cisco Systems and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC restated a “buy” rating and set a $37.00 price objective on shares of Cisco Systems in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $36.67.
Shares of Cisco Systems (NASDAQ:CSCO) traded up $0.02 during trading on Friday, reaching $35.90. 27,579,245 shares of the company’s stock were exchanged, compared to its average volume of 20,302,468. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The stock has a market cap of $177,768.97, a P/E ratio of 16.54, a P/E/G ratio of 3.17 and a beta of 1.15. Cisco Systems has a fifty-two week low of $29.12 and a fifty-two week high of $36.67.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business 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%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. sell-side analysts expect that Cisco Systems will post 2.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s payout ratio is currently 60.10%.
In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Prat Bhatt sold 25,638 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $821,954.28. Following the transaction, the chief accounting officer now directly owns 119,996 shares in the company, valued at $3,847,071.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 485,138 shares of company stock worth $15,347,574. Insiders own 0.05% of the company’s stock.
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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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