Cisco Systems (CSCO) Set to Announce Quarterly Earnings on Wednesday

Cisco Systems (NASDAQ:CSCO) will announce its earnings results after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Cisco Systems has set its Q1 2020 guidance at $0.80-0.82 EPS and its Q1 guidance at $0.80-0.82 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The firm had revenue of $13.43 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts expect Cisco Systems to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NASDAQ:CSCO opened at $48.10 on Tuesday. The stock has a market cap of $202.69 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.30 and a beta of 1.28. The company’s 50 day moving average price is $47.54 and its 200-day moving average price is $52.00. Cisco Systems has a 52 week low of $40.25 and a 52 week high of $58.26. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 0.43.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Friday, October 4th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 2.91%. Cisco Systems’s dividend payout ratio (DPR) is 49.12%.

CSCO has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on shares of Cisco Systems in a research report on Wednesday, September 11th. They set an “outperform” rating and a $60.00 price objective on the stock. KeyCorp lowered their price objective on shares of Cisco Systems from $56.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Goldman Sachs Group downgraded shares of Cisco Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $56.00 to $48.00 in a research report on Thursday, October 10th. Credit Suisse Group restated a “neutral” rating and set a $49.00 price objective (down previously from $50.00) on shares of Cisco Systems in a research report on Tuesday, November 5th. Finally, Barclays initiated coverage on shares of Cisco Systems in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $52.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $55.64.

In other Cisco Systems news, EVP David Goeckeler sold 70,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.22, for a total value of $3,445,400.00. Following the transaction, the executive vice president now directly owns 429,398 shares in the company, valued at $21,134,969.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 18,955 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $50.04, for a total transaction of $948,508.20. The disclosure for this sale can be found here. Insiders sold 193,130 shares of company stock worth $9,359,179 over the last quarter. Insiders own 0.03% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Earnings History for Cisco Systems (NASDAQ:CSCO)

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