Cisco Systems (NASDAQ:CSCO) Updates FY25 Earnings Guidance

Cisco Systems (NASDAQ:CSCO) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.52-3.58 for the period, compared to the consensus estimate of $3.54. The company issued revenue guidance of $55.0-56.2 billion, compared to the consensus revenue estimate of $55.58 billion. Cisco Systems also updated its FY 2025 guidance to 3.520-3.580 EPS.

Cisco Systems Price Performance

Shares of CSCO stock traded up $0.07 during trading hours on Wednesday, hitting $45.44. 28,137,559 shares of the company’s stock were exchanged, compared to its average volume of 19,664,299. Cisco Systems has a 12-month low of $44.50 and a 12-month high of $58.19. The company has a market capitalization of $183.07 billion, a PE ratio of 15.35, a PEG ratio of 2.97 and a beta of 0.85. The business’s 50 day simple moving average is $46.63 and its 200-day simple moving average is $47.94. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same period last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that Cisco Systems will post 3.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CSCO shares. Wells Fargo & Company increased their price objective on Cisco Systems from $52.00 to $57.00 and gave the company an equal weight rating in a research note on Thursday, May 16th. BNP Paribas upgraded shares of Cisco Systems from an underperform rating to a neutral rating and set a $50.00 price objective on the stock in a research report on Monday, May 13th. JPMorgan Chase & Co. started coverage on shares of Cisco Systems in a report on Monday, April 22nd. They set a neutral rating and a $53.00 target price for the company. Barclays boosted their price target on Cisco Systems from $48.00 to $50.00 and gave the company an equal weight rating in a report on Friday, May 17th. Finally, StockNews.com downgraded Cisco Systems from a buy rating to a hold rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $56.47.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 2,619 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the transaction, the executive vice president now owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the sale, the executive vice president now directly owns 176,384 shares in the company, valued at approximately $7,997,250.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of Cisco Systems stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $48.24, for a total value of $386,691.84. Following the transaction, the executive vice president now directly owns 180,705 shares in the company, valued at $8,717,209.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,106 shares of company stock valued at $1,908,923. Insiders own 0.02% 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 in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.