Cisco Systems (CSCO) Earning Somewhat Positive Press Coverage, Analysis Shows
Media headlines about Cisco Systems (NASDAQ:CSCO) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news 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 0.19 on Accern’s scale. Accern also gave news articles about the network equipment provider an impact score of 46.675590433397 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- One Put, One Call Option To Know About for Cisco Systems – Nasdaq (nasdaq.com)
- Purchases 471 Shares of Cisco Systems, Inc. (CSCO) (thefucomics.com)
- REMINDER – Baird and Cisco to Host Tech Talk on Cisco’s Multi-Cloud Strategy (finance.yahoo.com)
- Cisco to Host 2017 Annual Meeting of Shareholders (finance.yahoo.com)
- [$$] U.S. Tech CEOs Tout China Cooperation Amid Clampdown (finance.yahoo.com)
Shares of Cisco Systems (NASDAQ CSCO) traded down $0.41 during midday trading on Tuesday, hitting $37.31. 23,288,144 shares of the company traded hands, compared to its average volume of 20,430,646. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. Cisco Systems has a 12-month low of $29.24 and a 12-month high of $38.03. The firm has a market capitalization of $185,510.00, a PE ratio of 17.33, a price-to-earnings-growth ratio of 3.40 and a beta of 1.19.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. research analysts forecast that Cisco Systems will post 2.21 earnings per share for the current fiscal year.
CSCO has been the topic of several research reports. Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price objective on the stock in a research report on Wednesday, September 6th. ValuEngine downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Oppenheimer reissued a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research report on Tuesday, October 31st. Cowen reissued a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Finally, Deutsche Bank reissued a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have given a buy rating to the company. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $36.80.
In related news, CAO Prat Bhatt sold 2,606 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the sale, the chief accounting officer now owns 89,184 shares in the company, valued at $3,254,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 121,390 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the completion of the sale, the chief executive officer now owns 552,694 shares of the company’s stock, valued at approximately $17,719,369.64. The disclosure for this sale can be found here. Insiders sold 493,530 shares of company stock valued at $16,993,798 in the last quarter. Company insiders own 0.05% of the company’s stock.
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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