The Street was, on average, projecting revenue of $12.43 billion, and earnings per share of 65 cents, excluding some costs. Goodman Financial Corp bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $115,000. The business is scheduled to report its next earnings results after the market closes on Wednesday, May 16th.
Cisco forecast fourth-quarter profit of 68 cents to 70 cents per share, while analysts were expecting 69 cents, according to Thomson Reuters I/B/E/S. The company's outstanding shares are 7.62 Billion. Zacks' sales calculations are an average based on a survey of sell-side analysts that follow Cisco Systems. State Board Of Administration Of Florida Retirement has invested 0.72% in Cisco Systems, Inc.
Cisco Systems, Inc. (CSCO) has a Return on Assets of -1.1 percent, Return on Investment of 9.3 percent and a Return on Equity of -2.3 percent. The firm had revenue of $11.89 billion for the quarter, compared to analyst estimates of $11.82 billion.
EPS Estimate for the next Quarter is 0.65.
Several analysts have weighed in on CSCO shares.
Piper Jaffray analysts recently suggested that Cisco might benefit in competition especially against VMware Inc.by buying so-called hyperconverged system and software provider Nutanix Inc. On Friday, March 23 the firm has "Buy" rating by Goldman Sachs given. Macquarie began coverage on Cisco Systems in a research report on Monday, April 30th. They set an "outperform" rating for the company. (NASDAQ:CSCO). Prentiss Smith And Communications invested 1.92% of its portfolio in Cisco Systems, Inc. Finally, Vetr cut Cisco Systems from a "strong-buy" rating to a "buy" rating and set a $46.32 target price on the stock.in a research note on Monday, April 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. The company has an average rating of "Buy" and an average price target of $44.26. The shares were sold at an average price of $45.50, for a total value of $940,530.50. 12,126 shs were sold by BURNS M MICHELE, worth $550,153 on Monday, February 26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,986 shares of company stock valued at $2,116,422.
A number of institutional investors and hedge funds have recently made changes to their positions in CSCO.
Revenue in the company's closely watched security business, which offers firewall protection and breach detection systems, rose 11 percent to $583 million in the third quarter. Tarbox Family Office Inc. now owns 3,328 shares of the network equipment provider's stock worth $127,000 after acquiring an additional 1,346 shares in the last quarter. Also, EVP David Goeckeler sold 20,671 shares of Cisco Systems stock in a transaction dated Thursday, March 15th. Mizuho Securities USA LLC now owns 18,506 shares of the network equipment provider's stock worth $709,000 after buying an additional 3,199 shares during the period. Keeler Thomas Management LLC purchased a new position in Cisco Systems in the 4th quarter worth about $108,000. Amundi Pioneer Asset Management Inc. now owns 19,498,882 shares of the network equipment provider's stock worth $746,806,000 after purchasing an additional 9,292,187 shares during the last quarter. The short ratio in the company's stock is documented at 1.96 and the short float is around of 1.03%. Finally, Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 2.2% in the second quarter. The company had a trading volume of 31,146,190 shares, compared to its average volume of 27,168,168. Cisco Systems has a twelve month low of $45.14 and a twelve month high of $45.54. For the most recent quarter, quick ratio was 2.4, current ratio was 2.4, LT Debt/Equity ratio was 0.49 and Total Debt/Equity ratio stands at 0.76, while Payout ratio is 0. The stock has a market capitalization of $220.16 billion, a P/E ratio of 21.00, a P/E/G ratio of 3.26 and a beta of 1.14.
Cisco Systems, Inc. registered $10.28 million net activity with 0 buys and 5 sales since December 14, 2017. This represents a $1.32 dividend on an annualized basis and a yield of 2.94%. More interesting news about Noah Holdings Limited (NYSE:NOAH) was released by: Prnewswire.com and their article: "Noah Holdings Limited Files FY2017 Annual Report On Form 20-F" with publication date: April 30, 2018. Cisco repurchased roughly 140 million shares of common stock for an average price of $42.83 per share for an aggregate purchase price of $6.0 billion. This buyback authorization authorizes the network equipment provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.