Press coverage about Cisco Systems (NASDAQ:CSCO) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cisco Systems earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the network equipment provider an impact score of 47.7075193891626 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- VMware Challenges Cisco With AWS & Microsoft Pacts (lightreading.com)
- Here’s How to Profit From the Breakout in Arista Networks (finance.yahoo.com)
- Investment Immigration Firm LatourLaw Opens Vietnam Office (prweb.com)
- See what the IHS Markit Score report has to say about Cisco Systems Inc. (finance.yahoo.com)
- John Chambers Says Rubrik Will Be 'One of the Hot Stocks of the Next Decade' (finance.yahoo.com)
Shares of CSCO opened at $46.59 on Tuesday. Cisco Systems has a one year low of $31.19 and a one year high of $46.85. The company has a quick ratio of 2.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The stock has a market cap of $223.15 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.76 and a beta of 1.07.
A number of analysts have recently weighed in on CSCO shares. BidaskClub cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 19th. Morgan Stanley lowered their price objective on Cisco Systems from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, July 19th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Cisco Systems in a research report on Monday, June 11th. Zacks Investment Research cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. Finally, Loop Capital reissued a “hold” rating and issued a $47.00 price objective on shares of Cisco Systems in a research report on Monday, August 20th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Cisco Systems has an average rating of “Buy” and an average target price of $47.65.
In other Cisco Systems news, EVP David Goeckeler sold 35,000 shares of Cisco Systems stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $43.27, for a total transaction of $1,514,450.00. Following the completion of the sale, the executive vice president now owns 490,458 shares of the company’s stock, valued at approximately $21,222,117.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
Cisco Systems Company Profile
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
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