Cisco Raises Dividend on Better than Expected Q2 Earnings
- Author: Darren Santiago Feb 17, 2017,
Feb 17, 2017, 0:38
Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Perhaps two of the most anticipated quarterly reports this week will be those from Cisco Systems, Inc. (NASDAQ:CSCO) might hit $33.26, however, the High Price Target and Low price Target are $38 and $25, respectively. Zacks Investment Research downgraded Cisco Systems from a "buy" rating to a "sell" rating in a report on Tuesday, November 22nd. Finally, Price T Rowe Associates Inc. Shares were up 2.68% at $33.70. For stocks' current month, 16 analysts opted for BUY ratings as compared to 1 opting for SELL in the same period. (NASDAQ:CSCO) will release its earnings at about 7%. 15,748,638 shares of the company traded hands. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 3.96%.
Growth Estimate for Cisco Systems, Inc. The Stock now has the market capitalization of $164.7 Billion, P/E (price to earnings ttm) of 15.67 and Weekly volatility of 1.46% and monthly volatility of 1.18% respectively.
Cisco Systems, Inc. (NASDAQ:CSCO) has received a short term rating of sell from experts at Zacks with a rank of 4. (NASDAQ:CSCO) reported its EPS in the last quarter as $0.61/Share beating the analyst estimate of $0.59/Share by the difference of $0.02. The Return on Investment (ROI) is at 11.4% while it's Return on Equity (ROE) value stands at 17%. The company reported revenue of $12 billion in the comparable year-ago period.
They expect $0.5 EPS, down 6% or $0.03 from last year's $0.53 per share.
Cisco Systems Inc. continued its fitful progress in transforming itself into a software company as it met expectations on second-fiscal quarter revenues and just topped profit estimates.
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Many analysts are providing their Estimated Earnings analysis for Cisco Systems, Inc. and for the current quarter 29 analysts have projected that the stock could give an Average Earnings estimate of $0.56/share. The EPS consensus range is $0.55-$0.6 on revenue between $12.18B and $11.6B. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%.
This piece of content was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and worldwide trademark and copyright law. As a result, the stock rose over 2.7% during the afterhour's trade on February 15, 2017. The stock was sold at an average price of $30.41, for a total transaction of $54,525.13. Following the sale, the senior vice president now directly owns 183,275 shares in the company, valued at approximately $5,573,392.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Cisco's share price has very limited upside potential from here considering a muted outlook for the third quarter of FY2017. For the past month, Cisco Systems, Inc.'s stock has been 9.44%, 5.52% for the last quarter, 7.25% for the past six months and 28.45% for the past 52 weeks. State Street Corp raised its stake in shares of Cisco Systems by 2.8% in the fourth quarter. Shares have added 1.06% to $32.31. Trust Department MB Financial Bank N A boosted its position in Cisco Systems by 25.2% in the second quarter. (TWTR). The consensus rating is 3.1, suggesting the market has given up on the stock. Price T Rowe Associates Inc. Thus Surprise Factor was there with 5 percent. Price T Rowe Associates Inc. Institutional investors and hedge funds own 75.24% of the company's stock.
"Needham & Company LLC Reiterates Hold Rating for Cisco Systems, Inc".