Cisco Top-Line, Earnings Beat, In-Line Guidance Disappoints

17 May, 2018, 06:47 | Author: Regina Silva
  • Cisco is seen during the Mobile World Congress in Barcelona

Network gear maker Cisco Systems Inc (CSCO.O) reported third-quarter profit and revenue that topped analysts' estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress. The titles are as follows: "Cisco Still Holds Rank as Top Performing Dow Stock" released on May 05, 2018, "Cisco Systems Remains Top-Performing Dow Stock" on May 12, 2018, "Walmart, Cisco, Macy's and More Major Earnings Coming This Week" with a publish date: May 13, 2018, "Research Report Identifies Cisco, Denbury Resources, EMCOR Group, Control4, Yext, and Liberty TripAdvisor with ..." and the last "Cisco Systems Remains Top-Performing Dow Stock in 2018" with publication date: April 28, 2018. Cisco Systems reported sales of $11.94 billion in the same quarter last year, which indicates a positive year over year growth rate of 4%. The business is scheduled to report its next earnings results after the market closes on Wednesday, May 16th.

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.

Marketwatch shares some insight on Cisco's upcoming report. Zacks Investment Research's sales averages are a mean average based on a survey of analysts that that provide coverage for Cisco Systems. Associated Banc stated it has 0.74% of its capital in Cisco Systems, Inc. 12,126 Cisco Systems, Inc. The firm had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11.82 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. In Monday, February 26 report Morgan Stanley maintained the stock with "Overweight" rating. UBS maintained it with "Buy" rating and $29 target in Thursday, February 11 report. On Monday, February 12 the stock of Cisco Systems, Inc. Zacks Investment Research raised shares of Cisco Systems from a "hold" rating to a "buy" rating and set a $46.00 price target on the stock in a report on Wednesday, January 17th. Vetr downgraded Cisco Systems from a "buy" rating to a "hold" rating and set a $45.60 price target for the company.in a report on Monday, March 26th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. The company has an average rating of "Buy" and a consensus price target of $44.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Goeckeler sold 20,671 shares of the firm's stock in a transaction on Thursday, March 15th.

A total of 24.75 Billion shares exchanged at hands and its average trading volume is standing at 25.33 Million shares. The disclosure for this sale can be found here. Insiders sold 46,986 shares of company stock worth $2,116,422 in the last three months. 51 Investors Sold All; 660 Reduced Holdings; 589 increased stakes while 145 funds bought stakes. Overall the numbers were good, especially compared to last quarter's. Finally, Tarbox Family Office Inc. grew its stake in Cisco Systems by 67.9% during the fourth quarter. Cisco Systems makes up 1.0% of Motco's portfolio, making the stock its 23rd largest holding. The fund owned 259,134 shares of the network equipment provider's stock after selling 9,128 shares during the period. Goodman Financial Corp acquired a new stake in Cisco Systems during the fourth quarter worth approximately $115,000.

Family Firm Incorporated holds 0.15% or 9,835 shs. Dimensional Fund Advisors LP raised its holdings in Cisco Systems by 6.5% during the third quarter.

How Does Boston Scientific Corporation (BSX) Stack Up Right Now?
From short-term to long-term calculations, you can see how it is presently going, and how would probably continue to move further. Finally, Jefferies Group reissued a "neutral" rating on shares of Boston Scientific in a research report on Friday, February 2nd.


California's aid-in-dying law overturned in court
Superior Court Judge Daniel Ottolia ruled lawmakers illegally passed the law during a special session devoted to other topics. Xavier Becerra said: "We strongly disagree with this ruling and the state is seeking expedited review in the Court of Appeal".


Girl, 11, killed when tree falls on vehicle in Newburgh
That being said, they still tend to be smaller than true tsunamis, which are usually triggered by earthquakes. Governor Andrew Cuomo declared a state of emergency for Putnam, Dutchess, Orange and Sullivan Counties.


NASDAQ CSCO traded down $0.32 during trading hours on Friday, hitting $45.16.

Among 39 analysts covering Cisco Systems Inc.

The company has a market cap of $220.16 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.26 and a beta of 1.14. Dubuque Savings Bank And Tru has invested 2.19% in Cisco Systems, Inc. Mitsubishi Ufj Co Limited invested 0.73% in Cisco Systems, Inc. Cisco Systems's dividend payout ratio (DPR) is presently 61.40%.

Cisco Systems declared that its board has authorized a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $25.00 billion in shares. This buyback authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Recommended:



Popular

Modi beats Congress in key battleground
A similar "futile" exercise was done by Congress when the UPA II chose to divide Andhra Pradesh and carve out Telangana as a separate state just before the 2014 Lok Sabha polls.

The Trailer For The 'Pretty Little Liars' Spinoff is FINALLY Here!
In addition to the sneak peek, Entertainment Weekly reported that Freeform has picked up the series for 10 episodes. Unfortunately for her, the new town she's moved to might not be that much better than her old home.

Centre announces ceasefire in Kashmir
Nearly all terrorists groups operating in the valley in 2000 had rejected the government offer. Mir also thanked all the parties who spoke in unison to demand this Ramazan Ceasefire.

The US imposed sanctions against the leader of "Hezbollah" Sheikh Nasrallah
Specifically, OFAC, together with Gulf partners, designated Hasan Nasrallah, the Secretary General of Hezbollah. In addition, the sanctions reject the "false distinction" between the group's political and military wings.

Man Threatens to Call ICE on Restaurant Staff, Customer Who Spoke Spanish
The nitwit finally resorts to telling the woman, "Maybe you shouldn't eat that sandwich today!" as he storms off toward the door. A spokesperson for Fresh Kitchen told NBC4 the staff was "in awe" of what happened.

White House China hawk Navarro excluded from China trade talks
It sounds like, at least for these trade talks, you can take Navarro off that list of people on whom the president is leaning. Liu is now in Washington, D.C., for meetings and is expected to meet with White House officials Thursday and Friday.

Best quotes from Chadwick Boseman's Howard University graduation speech
ERIC THAYER / Reuters Boseman at Howard University on Saturday. "We'll be watching you", the executive said. After graduating from Howard, Boseman attended the British American Dramatic Academy at Oxford.

Gold prices recover on short-covering
The most active gold contract for June delivery plunged 27.9 US dollars, or 2.12 percent, to close at 1,290.3 dollars per ounce. Higher interest rates in the United States amid a rising dollar will continue to add downward pressure on gold, Lau said.

United States move on Iran threatens €143m Irish export trade
Iran's foreign minister , Mohammed Javad Zarif, met with his EU, British, French and German counterparts in Brussels today. Concluding that "America stands with the long-suffering people of Iran", Trump added, "Great things can happen for Iran".

Big Update On The WWE RAW & SmackDown TV Deals
According to the report, NBCUniversal is said to be close to renewing the deal for RAW at three times its current value. Rumors surfaced earlier this year that Fox Sports could be a good candidate to broadcast WWE shows in the near future.