Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have earned an average recommendation of “Buy” from the twenty-two analysts that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $52.05.
Several research analysts have commented on the stock. MKM Partners assumed coverage on shares of Cisco Systems in a research report on Thursday, May 13th. They issued a “buy” rating and a $61.00 target price for the company. Robert W. Baird restated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, May 11th. KeyCorp restated a “sector weight” rating on shares of Cisco Systems in a research report on Thursday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cisco Systems in a research report on Tuesday, April 20th. They issued a “hold” rating and a $55.00 target price for the company. Finally, Wolfe Research upgraded shares of Cisco Systems from a “market perform” rating to an “outperform” rating and set a $63.00 target price for the company in a research report on Friday, April 16th.
In related news, CEO Charles Robbins sold 7,584 shares of the company’s stock in a transaction that occurred on Wednesday, May 26th. The shares were sold at an average price of $53.11, for a total value of $402,786.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Prat Bhatt sold 3,451 shares of the company’s stock in a transaction that occurred on Monday, June 14th. The shares were sold at an average price of $53.99, for a total transaction of $186,319.49. Following the completion of the sale, the senior vice president now owns 105,900 shares of the company’s stock, valued at approximately $5,717,541. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,864 shares of company stock valued at $4,186,457. Company insiders own 0.02% of the company’s stock.
Shares of NASDAQ:CSCO opened at $53.88 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. Cisco Systems has a fifty-two week low of $35.28 and a fifty-two week high of $55.35. The firm’s 50-day simple moving average is $53.30. The company has a market cap of $227.06 billion, a P/E ratio of 18.73, a PEG ratio of 3.00 and a beta of 0.91.
Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Tuesday, May 18th. The network equipment provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Cisco Systems had a net margin of 20.92% and a return on equity of 31.12%. The firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.57 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. Cisco Systems’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, analysts expect that Cisco Systems will post 2.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 28th. Investors of record on Tuesday, July 6th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.75%. The ex-dividend date is Friday, July 2nd. Cisco Systems’s dividend payout ratio is presently 50.68%.
About Cisco Systems
Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.
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