Nine analysts have provided estimates for Cisco Systems' earnings, with the highest sales estimate coming in at $12.52 billion and the lowest estimate coming in at $12.34 billion.
Associated Banc Corp trimmed its holdings in Cisco Systems (NASDAQ:CSCO) by 24.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). Finally, Tarbox Family Office Inc. increased its stake in Cisco Systems by 67.9% during the 4th quarter. Moreover, Zpr Investment Management has 0.4% invested in the company for 57,213 shares. Zacks' earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Cisco Systems.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. According to the Analysts, the Low Earnings estimate for the current quarter is $0.58, while the High earnings estimate is $0.61.Comparatively, EPS for the same quarter previous year was $0. The firm had revenue of $11.89 billion for the quarter, compared to analysts' expectations of $11.82 billion. It's down -1.04, from 1.86 in 2017Q3.
Several research analysts recently commented on the company. CSCO reached $45.48 during the last trading session after $0.22 change.Cisco Systems, Inc. has volume of 22.16M shares. UBS maintained it with "Buy" rating and $29 target in Thursday, February 11 report. Finally, ValuEngine raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Friday, February 2nd. Eleven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of "Buy" and a consensus price target of $44.26.
Microsoft Corporation (MSFT) analysts on average have given a price target of $49.71 on MSFT stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arun Sarin sold 14,189 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $45.50, for a total value of $940,530.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,986 shares of company stock worth $2,116,422. 51 Investors Sold All; 660 Reduced Holdings; 589 increased stakes while 145 funds bought stakes. Wilkins Investment Counsel Inc.'s holdings in Cisco Systems were worth $3,130,000 at the end of the most recent quarter. The institutional investor owned 81,721 shares of the network equipment provider's stock after selling 3,300 shares during the quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider's stock worth $2,109,614,000 after purchasing an additional 11,972,070 shares during the last quarter. Certified Advisory Corp purchased a new position in Cisco Systems in the 4th quarter worth about $116,000. Rothschild Investment Corp IL now owns 297,112 shares of the network equipment provider's stock worth $11,379,000 after buying an additional 5,517 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in Cisco Systems by 320.0% during the 4th quarter.
NASDAQ CSCO traded down $0.32 during trading hours on Friday, hitting $45.16. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $46.16. Company insiders own 0.05% of the company's stock. Garland Cap Management accumulated 138,011 shs or 3.47% of the stock. Missouri-based Buckingham Asset Ltd Co has invested 0.52% in Cisco Systems, Inc. The ex-dividend date was Wednesday, April 4th. Cisco Systems's dividend payout ratio (DPR) is now 61.40%.
Cisco Systems declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 14th that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The firm offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.Last it reported negative earnings.