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).