May 17 2018 by Johnny Bowman
The networking giant today reported its fiscal third-quarter revenue rose 4 percent from a year ago, to $12.5 billion, the second consecutive quarter of growth for a company that has been trying to transform its business for the cloud computing era.
Service providers remain hard, with orders shrinking by four per cent year-on-year from Q3 2017, but that was more than offset by 11 per cent growth in the enterprise sector, seven per cent in the commercial sector, and public sector orders chipping in two per cent growth.
For more Cisco Systems, Inc. (NASDAQ:CSCO). Canal Ins Communications stated it has 1.6% of its capital in Cisco Systems, Inc. The network equipment provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. The firm had revenue of $11.89 billion during the quarter, compared to analyst estimates of $11.82 billion.
Cisco Systems, Inc. registered $10.28 million net activity with 0 buys and 5 insider sales since December 14, 2017. During the same quarter in the previous year, the business earned $0.57 EPS. (NASDAQ:CSCO) to a Neutral rating in a report posted on Thursday, May 10th, 2018. Barclays raised their price objective on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, January 17th.
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Cisco Systems, Inc. (CSCO) remained successful in beating the consensus-estimated $0.59 as it actually earned $0.63 per share in its last reported financial results. The ratio is positive due to CSCO positioning: 51 sold and 660 reduced. Cisco Systems Inc. had 161 analyst reports since August 4, 2015 according to SRatingsIntel. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. They set a "hold" rating and a $45.00 price objective on the stock. SARIN ARUN also sold $625,751 worth of Cisco Systems, Inc. This stock's distance from its 20-day simple moving average is 0.63%, based on a recent bid, while its distance from the 50-day simple moving average is now 2.72%. Following the completion of the sale, the director now owns 74,479 shares in the company, valued at approximately $3,379,112.23. The disclosure for this sale can be found here. The shares went up by 1.28% in value last month. Northern Cap Ltd Liability Co has invested 0.4% in Cisco Systems, Inc. Several additional equities analysts have also published recent reports on CSCO stock. (NASDAQ:CSCO). Beach Invest Counsel Pa has invested 0.12% of its capital in Cisco Systems, Inc.
Cisco Systems Inc. shares slipped after the network-equipment maker's fourth-quarter forecasts fell short of Wall Street's most optimistic projections. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider's stock worth $1,639,089,000 after purchasing an additional 2,987,682 shares during the period. Minnesota-based Ameriprise Financial Inc has invested 1.1% in Cisco Systems, Inc. Guardian Invest owns 36,050 shs for 1.46% of their capital. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider's stock valued at $1,143,876,000 after purchasing an additional 2,617,310 shares in the last quarter. (CSCO) declined -0.48% and closed its last trading session at $45.48. 19,942,984 shares of the stock were exchanged, compared to its average volume of 27,493,512. This organization, at the moment, a beta score of 1.11, a market cap of $218.08B, and its PE ratio is 23.37. The company has a quick ratio of 2.38, a current ratio of 2.43 and a debt-to-equity ratio of 0.49. The United Kingdom-based fund Edinburgh Partners Ltd have invested about 6.7% of the investment manager's stock portfolio in Cisco Systems Inc.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 25th. Over a month, it has seen its stock price volatility to stay at 1.28% while shortening the period to a week, volatility was 2.05%. On Thursday, January 18 the stock of Cisco Systems, Inc. The ex-dividend date of this dividend was Wednesday, April 4th. Cisco Systems has $5700 highest and $40 lowest target. Stock buyback plans are often a sign that the company's board of directors believes its stock is 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.
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