Cisco Systems, Inc. (NASDAQ:CSCO) Expected to Post Earnings of $0.81 Per Share

Wall Street brokerages expect Cisco Systems, Inc. (NASDAQ:CSCO) to post earnings per share (EPS) of $0.81 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Cisco Systems’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.82. Cisco Systems reported earnings per share of $0.76 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The firm is expected to issue its next earnings report on Thursday, November 11th.

On average, analysts expect that Cisco Systems will report full-year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.50. For the next year, analysts forecast that the company will post earnings of $3.62 per share, with EPS estimates ranging from $3.48 to $3.82. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Tuesday, August 17th. The network equipment provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.01. Cisco Systems had a net margin of 21.26% and a return on equity of 30.82%. The firm had revenue of $13.13 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter last year, the firm earned $0.80 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis.

Several analysts have recently issued reports on CSCO shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cisco Systems from $55.00 to $59.00 and gave the stock a “hold” rating in a research report on Tuesday, August 24th. Citigroup upped their price objective on Cisco Systems from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 19th. DZ Bank reiterated a “hold” rating and issued a $51.00 target price on shares of Cisco Systems in a report on Thursday, May 27th. Barclays upped their price target on Cisco Systems from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, August 19th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Cisco Systems from a “sell” rating to a “hold” rating and set a $58.00 price objective for the company in a research note on Tuesday, July 27th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $58.52.

CSCO stock opened at $56.85 on Friday. The business’s fifty day moving average price is $56.57 and its 200 day moving average price is $53.47. Cisco Systems has a 12-month low of $35.28 and a 12-month high of $60.27. The company has a market capitalization of $239.78 billion, a PE ratio of 22.74, a P/E/G ratio of 3.01 and a beta of 0.91. The company has a current ratio of 1.49, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22.

In other news, COO Maria Martinez sold 4,000 shares of Cisco Systems stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Robbins sold 6,543 shares of Cisco Systems stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $59.69, for a total transaction of $390,551.67. The disclosure for this sale can be found here. Insiders have sold a total of 64,529 shares of company stock worth $3,827,391 in the last quarter. 0.02% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Lokken Investment Group LLC raised its holdings in Cisco Systems by 7.4% in the second quarter. Lokken Investment Group LLC now owns 14,500 shares of the network equipment provider’s stock valued at $768,000 after buying an additional 999 shares during the period. Princeton Portfolio Strategies Group LLC increased its holdings in Cisco Systems by 13.7% in the 1st quarter. Princeton Portfolio Strategies Group LLC now owns 41,483 shares of the network equipment provider’s stock valued at $2,145,000 after purchasing an additional 4,992 shares in the last quarter. FDx Advisors Inc. raised its position in Cisco Systems by 6.6% in the second quarter. FDx Advisors Inc. now owns 298,191 shares of the network equipment provider’s stock valued at $15,804,000 after purchasing an additional 18,502 shares during the period. Procyon Private Wealth Partners LLC lifted its stake in shares of Cisco Systems by 26.5% during the second quarter. Procyon Private Wealth Partners LLC now owns 53,084 shares of the network equipment provider’s stock worth $2,813,000 after purchasing an additional 11,109 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Cisco Systems in the first quarter valued at about $18,921,000. 71.92% of the stock is currently owned by institutional investors.

Cisco Systems Company Profile

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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Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

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