Cisco Systems (CSCO) Given “Outperform” Rating at William Blair

William Blair reaffirmed their outperform rating on shares of Cisco Systems (NASDAQ:CSCO) in a research report sent to investors on Thursday morning.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer restated a buy rating and set a $36.00 price target on shares of Cisco Systems in a report on Friday, October 20th. Deutsche Bank restated a buy rating and set a $45.00 price target (up from $40.00) on shares of Cisco Systems in a report on Thursday, November 16th. Jefferies Group upped their price target on shares of Cisco Systems to $40.00 and gave the company a buy rating in a report on Thursday, November 16th. Citigroup restated a buy rating and set a $40.00 price target on shares of Cisco Systems in a report on Thursday, November 16th. They noted that the move was a valuation call. Finally, Royal Bank of Canada restated a buy rating and set a $36.00 price target on shares of Cisco Systems in a report on Wednesday, November 15th. Twelve analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $43.57.

Cisco Systems (NASDAQ CSCO) opened at $44.33 on Thursday. The company has a current ratio of 2.43, a quick ratio of 2.81 and a debt-to-equity ratio of 0.49. Cisco Systems has a 1 year low of $30.36 and a 1 year high of $45.13. The company has a market cap of $219,150.00, a price-to-earnings ratio of -138.53, a price-to-earnings-growth ratio of 3.98 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. Cisco Systems had a negative net margin of 3.00% and a positive return on equity of 17.77%. The company had revenue of $11.89 billion during the quarter, compared to analysts’ expectations of $11.82 billion. During the same period in the prior year, the company earned $0.57 earnings per share. equities analysts anticipate that Cisco Systems will post 2.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.33 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $1.32 dividend on an annualized basis and a yield of 2.98%. Cisco Systems’s dividend payout ratio (DPR) is currently -362.50%.

Cisco Systems declared that its Board of Directors has approved a share repurchase program on Wednesday, February 14th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the network equipment provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the completion of the transaction, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now owns 176,418 shares of the company’s stock, valued at approximately $6,437,492.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 348,643 shares of company stock valued at $12,892,271. Corporate insiders own 0.05% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barnett & Company Inc. increased its holdings in shares of Cisco Systems by 1,511.5% during the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after buying an additional 3,023 shares in the last quarter. Stonehearth Capital Management LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth approximately $102,000. Tortoise Investment Management LLC increased its holdings in shares of Cisco Systems by 36.1% during the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after buying an additional 878 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Cisco Systems during the second quarter worth approximately $104,000. Finally, Keeler Thomas Management LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth approximately $108,000. 75.42% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Cisco Systems (NASDAQ:CSCO)

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