Cisco Systems Rating Reiterated by Macquarie (CSCO)

The 64,995,750 shares of the stock were exchanged. Following the completion of the transaction, the executive vice president now directly owns 574,019 shares of the company's stock, valued at $14,935,974.38. The disclosure for this sale can be found here. Cisco Systems, Inc. (NASDAQ: CSCO) has declined 0.54% since April 13, 2015, and is down trending. Trading volume was at 23.75 million shares versus an average volume of 15.15 million shares. Management had guided for revenue of between $12.49 billion and $12.74 billion. The company has a 50-day moving average price of $27.74 and a 200-day moving average price of $27.88. The company had revenue of $12.68 billion for the quarter, compared to the consensus estimate of $12.65 billion. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.84 annualized dividend and a dividend yield of 3.02%.

Among the analysts, the highest EPS was $0.56 and the lowest was $0.51.

Cisco's share price slumped by about six per cent last night as it warned sales will grow at between zero and two per cent year on year in its current quarter - below Wall Street forecasts. BMO Capital Markets restated an "outperform" rating and issued a $34.00 price target (up previously from $33.00) on shares of Cisco Systems in a research report on Thursday, August 13th. Macquarie Research has "Underperform" rating and $26 price target.

Cisco Systems, Inc. has dropped 3.36% during the last 3-month period.

Citigroup initiated their coverage on the stock with Buy rating on October 6.

Out of the 30 analysts polled by TipRanks, 21 rate Cisco stock a Buy, 6 rate the stock a Hold and 3 recommend Sell. The company has an average rating of "Buy" and an average price target of $31.53. The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and worldwide.

When broken down by region, sales in the Americas region rose 4 percent, while sales in Europe and Asia both rose 3 percent.

Cisco generated $4,022 million (+5 percent) from data center business, $1,793 million (-8 percent) from NGN routing, $1,115 million from collaboration (+17 percent), $859 million (+24 percent) from data center, $850 million (-2 percent) from service provider video, $645 million (+7 percent) from wireless and $485 million (+7 percent) from security business. These products, mostly integrated by Cisco IOS Applications, link geographically dispersed local area networks (LANs), metropolitan area networks (MANs), and wide-area networks (WANs).

Vanessa Coleman

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