Cisco Systems, Inc. (NASDAQ:CSCO) will release its Q217 earnings data on Wednesday, February 15th. Analysts expect Cisco Systems to post earnings of $0.56 per share and revenue of $11.55 billion for the quarter.
Cisco Systems, Inc. (NASDAQ:CSCO) opened at 31.97 on Tuesday. The stock has a 50 day moving average of $30.62 and a 200 day moving average of $30.74. Cisco Systems, Inc. has a 52 week low of $25.19 and a 52 week high of $32.00. The company has a market cap of $160.48 billion, a price-to-earnings ratio of 15.30 and a beta of 1.36.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Friday, January 6th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Wednesday, January 4th. Cisco Systems’s payout ratio is 49.52%.
CSCO has been the topic of a number of research reports. Oppenheimer Holdings, Inc. set a $34.00 target price on Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Robert W. Baird reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Wednesday, November 2nd. Zacks Investment Research raised Cisco Systems from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, October 18th. Deutsche Bank AG reaffirmed a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research report on Monday, October 17th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Thursday, November 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $33.41.
In other Cisco Systems news, SVP Karen Walker sold 1,793 shares of the business’s stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $30.41, for a total value of $54,525.13. Following the sale, the senior vice president now directly owns 183,275 shares of the company’s stock, valued at $5,573,392.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.
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Cisco Systems Company Profile
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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