Cisco Systems' outlook fails to excite Wall Street

Cisco is seen during the Mobile World Congress in Barcelona

The highest sales estimate is $12.54 billion and the lowest is $12.34 billion. The titles are as follows: "Cisco Systems Remains Top-Performing Dow Stock in 2018" announced on April 28, 2018, "Walmart, Cisco, Macy's and More Major Earnings Coming This Week" on May 13, 2018, "Cisco Expects Another Quarter of Growth" with a publish date: May 15, 2018, "Cisco Still Holds Rank as Top Performing Dow Stock" and the last "Can Cisco Keep Up the Pace With Earnings?" with publication date: May 16, 2018. (NASDAQ:CSCO). Moreover, Northeast Management has 0.12% invested in Cisco Systems, Inc.

Wall Street was looking for earnings of 65 cents per share on revenue of $12.44 billion. The company has 4.83 Billion shares outstanding and 4.81 Billion shares were floated in market. Zacks' sales calculations are an average based on a survey of sell-side research firms that follow Cisco Systems.

CSCO has been the subject of several research reports. The network equipment provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Cisco said product revenue performance was "broad based", with growth in Infrastructure Platforms of 2 percent, Applications up 19 percent and Security increasing 11 percent. During the same period in the prior year, the firm posted $0.57 earnings per share. On Thursday, March 22 the stock has "Hold" rating by BMO Capital Markets. Since November 17, 2017 according to StockzIntelligence Inc Cisco Systems has 32 analyst reports. Cisco Systems's dividend payout ratio is now 61.40%. Macquarie initiated coverage on shares of Cisco Systems in a research report on Monday. On Thursday, February 15 the rating was maintained by Wells Fargo with "Buy". 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. Vetr upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and set a $44.13 target price for the company in a research note on Tuesday, January 30th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. William Blair restated an "outperform" rating on shares of Cisco Systems in a research report on Thursday, February 15th. After hours trading saw a sharp drop in the stock before a rebound. 16,862,618 shares of the company traded hands, compared to its average volume of 27,889,234. Funds holding Cisco Systems Inc in top 10 changed to 180 from 142 for an increase of 38. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38. One Capital Management LLC now owns 86,574 shares of the network equipment provider's stock valued at $3,316,000 after buying an additional 1,249 shares during the period. This repurchase authorization authorizes the network equipment provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued. SARIN ARUN had sold 14,189 shs worth $625,751 on Tuesday, February 20. The sale was disclosed in a filing with the SEC, which is available through this link. Goeckeler David also sold $940,559 worth of Cisco Systems, Inc.

A total of 24.75 Billion shares exchanged at hands and its average trading volume is standing at 25.33 Million shares. 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. Wedge Capital Mngmt L Lp Nc owns 0% invested in Cisco Systems, Inc. Bank of New York Mellon Corp now owns 122,958,272 shares of the network equipment provider's stock worth $4,709,302,000 after purchasing an additional 13,927,416 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Cisco Systems by 1.7% during the fourth quarter. Forward Management LLC acquired a new position in Cisco Systems during the 3rd quarter worth about $869,000.

As of Q4 2017 Jupiter Asset Management Ltd has 9.57% invested in Cisco Systems Inc. Partnervest Advisory Services LLC boosted its holdings in Cisco Systems by 7.2% during the fourth quarter. Tarbox Family Office Inc. now owns 3,328 shares of the network equipment provider's stock valued at $127,000 after buying an additional 1,346 shares during the last quarter.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide.The firm is valued at $217.75 billion.

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