Cisco Earnings: A Slight Beat, a 4% Slide

Cisco Earnings: A Slight Beat, a 4% Slide

Cisco Systems Inc. earnings are dependent upon how fast businesses are transitioning to the company's new line of network switching products and the lucrative new software contracts that are connected to them, analysts say. Zacks' sales calculations are an average based on a survey of sell-side research analysts that cover Cisco Systems. The network equipment provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04.

The networking giant today reported its fiscal third-quarter revenue rose 4 percent from a year ago, to $12.5 billion, the second consecutive quarter of growth for a company that has been trying to transform its business for the cloud computing era. However it has a net margin of -3.00%. Cisco Systems Inc. had 161 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus reaffirmed a "hold" rating and set a $46.00 target price (up previously from $40.00) on shares of Cisco Systems in a research note on Thursday, February 15th. Cisco repurchased roughly 140 million shares of common stock for an average price of $42.83 per share for an aggregate purchase price of $6.0 billion. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. (NASDAQ:CSCO) rating. KeyBanc Capital Markets has "Buy" rating and $49.0 target. Goeckeler David sold $940,559 worth of stock or 20,671 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 734 funds increased or started new stock positions, while 711 trimmed and sold positions in Cisco Systems Inc so the sentiment has increased. The shares were sold at an average price of $44.10, for a total transaction of $625,734.90. The disclosure for this sale can be found here. Insiders sold a total of 46,986 shares of company stock valued at $2,116,422 over the last three months. Moreover, Zpr Investment Management has 0.4% invested in the company for 57,213 shares.

Several other large investors have also modified their holdings of CSCO. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 16, 2017 and is uptrending. The hedge fund run by Michael Novogratz is holding 844,575 shares, compared to the 748,150 from the previous quarter.

More important recent Noah Holdings Limited (NYSE:NOAH) news were published by: Prnewswire.com which released: "Noah Holdings Limited to Announce First Quarter 2018 Financial Result on Tuesday, May 29, 2018" on May 15, 2018, also Streetinsider.com published article titled: "Form 6-K Noah Holdings Ltd For: May 16", Seekingalpha.com published: "Noah Holdings: A Rare Opportunity For US Investors" on April 26, 2018. Bank of America downgraded Cisco Systems, Inc. Mizuho Securities USA LLC now owns 18,506 shares of the network equipment provider's stock worth $709,000 after buying an additional 3,199 shares during the period. Funds holding Cisco Systems Inc in top 10 changed to 180 from 142 for an increase of 38. Boston Partners now owns 33,799,233 shares of the network equipment provider's stock worth $1,294,510,000 after purchasing an additional 3,397,848 shares during the last quarter. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider's stock valued at $1,639,089,000 after acquiring an additional 2,987,682 shares during the last quarter.

CSCO is hitting $45.2 during the last trading session, after decreased 0.62%.Cisco Systems, Inc. has volume of 15.55M shares. The firm has a market capitalization of $215,391.23, a P/E ratio of 20.85, a P/E/G ratio of 3.20 and a beta of 1.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38. Cisco Systems has a 1-year low of $45.14 and a 1-year high of $45.54. Shareholders of record on Thursday, April 5th were paid a dividend of $0.33 per share. (CSCO), Week Volatility is 1.44%, whereas Month Volatility is at 2.11%.

For more Cisco Systems, Inc. The ex-dividend date is Wednesday, April 4th. Colonial Advsrs has invested 1% in Cisco Systems, Inc. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider's stock worth $1,143,876,000 after purchasing an additional 2,617,310 shares during the last quarter. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

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