Traders Buy Cisco Systems (CSCO) on Weakness

Investors purchased shares of Cisco Systems, Inc. (NASDAQ:CSCO) on weakness during trading hours on Tuesday. $201.94 million flowed into the stock on the tick-up and $76.79 million flowed out of the stock on the tick-down, for a money net flow of $125.15 million into the stock. Of all equities tracked, Cisco Systems had the 2nd highest net in-flow for the day. Cisco Systems traded down ($0.25) for the day and closed at $39.69

Several brokerages recently commented on CSCO. BMO Capital Markets reiterated a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research note on Thursday, September 28th. Piper Jaffray Companies reiterated an “overweight” rating and set a $44.00 price target on shares of Cisco Systems in a research note on Wednesday. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price target on the stock. in a research note on Monday, September 25th. BidaskClub upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.93.

The company has a market cap of $197,300.00, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 3.57 and a beta of 1.19. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. equities research analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

In other news, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the transaction, the senior vice president now directly owns 257,476 shares in the company, valued at approximately $9,892,227.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the transaction, the senior vice president now owns 176,418 shares in the company, valued at $6,437,492.82. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock worth $12,892,271 over the last quarter. 0.05% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Barnett & Company Inc. increased its stake in Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after buying an additional 3,023 shares during the period. Tortoise Investment Management LLC increased its stake in Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after buying an additional 878 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Cisco Systems during the 2nd quarter valued at about $104,000. Grove Bank & Trust increased its stake in Cisco Systems by 141.3% during the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 2,120 shares during the period. Finally, Manchester Capital Management LLC increased its stake in Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 350 shares during the period. Institutional investors own 75.55% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Traders Buy Cisco Systems (CSCO) on Weakness” was published by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.themarketsdaily.com/2018/01/11/traders-buy-cisco-systems-csco-on-weakness-2.html.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply