Somewhat Favorable Press Coverage Extremely Likely to Affect Cisco Systems (CSCO) Stock Price
Press coverage about Cisco Systems (NASDAQ:CSCO) has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cisco Systems earned a media sentiment score of 1.02 on their scale. InfoTrie also assigned news articles about the network equipment provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Cisco Systems’ ranking:
- Cisco Systems to report Q1 earnings November 14 (nasdaq.com)
- Why Cisco Systems Is Up More than 20% in 2018 (fool.com)
- Toshiba (TOSYY) vs. Cisco Systems (CSCO) Critical Contrast (americanbankingnews.com)
- VLUE, GM, CSCO, CVX: Large Inflows Detected at ETF (nasdaq.com)
- Cisco (CSCO) to Report Q1 Earnings: What’s in the Cards? (finance.yahoo.com)
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Piper Jaffray Companies set a $53.00 price objective on shares of Cisco Systems and gave the stock an “overweight” rating in a research report on Monday, October 1st. UBS Group set a $56.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Morgan Stanley increased their price objective on shares of Cisco Systems from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 4th. Finally, BidaskClub raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Eight research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Cisco Systems currently has an average rating of “Buy” and an average price target of $48.76.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. On average, analysts forecast that Cisco Systems will post 2.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Friday, October 5th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Thursday, October 4th. Cisco Systems’s payout ratio is 56.41%.
In other Cisco Systems news, SVP Irving Tan sold 68,308 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $47.38, for a total transaction of $3,236,433.04. Following the transaction, the senior vice president now directly owns 150,763 shares in the company, valued at approximately $7,143,150.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Chandler sold 31,842 shares of the 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. Over the last ninety days, insiders have sold 450,620 shares of company stock valued at $21,322,282. Company insiders own 0.03% of the company’s stock.
Cisco Systems Company Profile
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.
Further Reading: Outstanding Shares
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