Cisco Systems (CSCO) Receiving Somewhat Favorable News Coverage, Analysis Finds
Headlines about Cisco Systems (NASDAQ:CSCO) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press 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 closest to one being the most favorable. Cisco Systems earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the network equipment provider an impact score of 46.312692819535 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- High-beta stock produce higher return: Cisco Systems, Inc. (CSCO) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Cisco or FireEye: Which Is the Better Cybersecurity Play? (finance.yahoo.com)
- Apple Is Stuck In Neutral As Goldman Gives Cisco, Arista Buys (finance.yahoo.com)
- Is Cisco Stock a Screaming Buy With 17% Upside? (finance.yahoo.com)
- 3 Reasons to Remain Bullish on Cisco Systems, Inc. Stock (investorplace.com)
CSCO has been the subject of a number of research analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a report on Thursday, October 12th. KeyCorp set a $33.00 target price on Cisco Systems and gave the company a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Oppenheimer restated a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a report on Friday, October 20th. Finally, BMO Capital Markets restated a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a report on Monday, October 23rd. Thirteen research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and an average price target of $39.54.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the business posted $0.61 EPS. The company’s revenue was down 1.7% on a year-over-year basis. equities research analysts predict that Cisco Systems will post 2.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th were paid a $0.29 dividend. The ex-dividend date was Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 2.88%. Cisco Systems’s dividend payout ratio (DPR) is currently 60.10%.
In related news, SVP Karen Walker sold 5,786 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $211,131.14. Following the sale, the senior vice president now directly owns 176,418 shares in the company, valued at $6,437,492.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Prat Bhatt sold 2,606 shares of Cisco Systems stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock worth $12,892,271 over the last quarter. Company 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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