Zacks: Brokerages Anticipate Cisco Systems, Inc. (CSCO) Will Post Earnings of $0.60 Per Share

Wall Street analysts forecast that Cisco Systems, Inc. (NASDAQ:CSCO) will announce $0.60 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Cisco Systems’ earnings, with estimates ranging from $0.59 to $0.61. Cisco Systems reported earnings per share of $0.61 during the same quarter last year, which indicates a negative year-over-year growth rate of 1.6%. The business is scheduled to issue its next earnings report on Wednesday, November 15th.

According to Zacks, analysts expect that Cisco Systems will report full year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.47. For the next fiscal year, analysts anticipate that the business will post earnings of $2.54 per share, with EPS estimates ranging from $2.40 to $2.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. Cisco Systems’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS.

A number of equities research analysts have commented on the company. Credit Suisse Group restated a “hold” rating and issued a $35.00 target price on shares of Cisco Systems in a research report on Friday. Jefferies Group LLC restated a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a research report on Friday. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research report on Monday, September 25th. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price on the stock. in a research report on Monday, September 25th. Finally, ValuEngine raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Fifteen equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.38.

COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Anticipate Cisco Systems, Inc. (CSCO) Will Post Earnings of $0.60 Per Share” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/zacks-brokerages-anticipate-cisco-systems-inc-csco-will-post-earnings-of-0-60-per-share.html.

In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the transaction, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders have sold a total of 485,138 shares of company stock worth $15,347,574 in the last quarter. 0.11% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after acquiring an additional 7,411,891 shares during the period. Nordea Investment Management AB grew its holdings in shares of Cisco Systems by 12.1% in the 2nd quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock worth $982,703,000 after acquiring an additional 3,384,768 shares during the period. Boston Partners grew its holdings in shares of Cisco Systems by 304.2% in the 1st quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after acquiring an additional 23,002,159 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Cisco Systems by 11.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 27,570,250 shares of the network equipment provider’s stock worth $862,949,000 after acquiring an additional 2,863,474 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Cisco Systems by 0.5% in the 2nd quarter. LSV Asset Management now owns 27,453,460 shares of the network equipment provider’s stock worth $859,293,000 after acquiring an additional 134,162 shares during the period. Institutional investors and hedge funds own 75.38% of the company’s stock.

Cisco Systems (NASDAQ CSCO) traded down 0.637% during trading on Tuesday, hitting $33.545. The stock had a trading volume of 5,045,121 shares. The company has a market cap of $166.11 billion, a P/E ratio of 17.655 and a beta of 1.21. The firm has a 50 day moving average of $32.49 and a 200-day moving average of $32.34. Cisco Systems has a one year low of $29.12 and a one year high of $34.60.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, October 4th. Cisco Systems’s payout ratio is 60.73%.

Cisco Systems Company Profile

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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According to Zacks, analysts expect that Cisco Systems will report full year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.47. For the next fiscal year, analysts anticipate that the business will post earnings of $2.54 per share, with EPS estimates ranging from $2.40 to $2.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. Cisco Systems’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS.

A number of equities research analysts have commented on the company. Credit Suisse Group restated a “hold” rating and issued a $35.00 target price on shares of Cisco Systems in a research report on Friday. Jefferies Group LLC restated a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a research report on Friday. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research report on Monday, September 25th. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price on the stock. in a research report on Monday, September 25th. Finally, ValuEngine raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Fifteen equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.38.

COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Anticipate Cisco Systems, Inc. (CSCO) Will Post Earnings of $0.60 Per Share” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/zacks-brokerages-anticipate-cisco-systems-inc-csco-will-post-earnings-of-0-60-per-share.html.

In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the transaction, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders have sold a total of 485,138 shares of company stock worth $15,347,574 in the last quarter. 0.11% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after acquiring an additional 7,411,891 shares during the period. Nordea Investment Management AB grew its holdings in shares of Cisco Systems by 12.1% in the 2nd quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock worth $982,703,000 after acquiring an additional 3,384,768 shares during the period. Boston Partners grew its holdings in shares of Cisco Systems by 304.2% in the 1st quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after acquiring an additional 23,002,159 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Cisco Systems by 11.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 27,570,250 shares of the network equipment provider’s stock worth $862,949,000 after acquiring an additional 2,863,474 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Cisco Systems by 0.5% in the 2nd quarter. LSV Asset Management now owns 27,453,460 shares of the network equipment provider’s stock worth $859,293,000 after acquiring an additional 134,162 shares during the period. Institutional investors and hedge funds own 75.38% of the company’s stock.

Cisco Systems (NASDAQ CSCO) traded down 0.637% during trading on Tuesday, hitting $33.545. The stock had a trading volume of 5,045,121 shares. The company has a market cap of $166.11 billion, a P/E ratio of 17.655 and a beta of 1.21. The firm has a 50 day moving average of $32.49 and a 200-day moving average of $32.34. Cisco Systems has a one year low of $29.12 and a one year high of $34.60.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, October 4th. Cisco Systems’s payout ratio is 60.73%.

Cisco Systems Company Profile

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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Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

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