Cisco: Fiscal 3Q Earnings Snapshot

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Shares of the company fell by the closing bell

Motco's holdings in Cisco Systems were worth $9,924,000 as of its most recent filing with the SEC. Bank of New York Mellon Corp grew its holdings in shares of Cisco Systems by 12.8% in the fourth quarter. Goodman Financial Corp bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $115,000.

"Big money sentiment for Cisco Systems Inc (NASDAQ:CSCO) in Q4 2017 increased to 1.03, according to Securities and Exchange Commission filings". BlackRock Inc. now owns 339,004,547 shares of the network equipment provider's stock worth $14,539,904,000 after purchasing an additional 3,630,488 shares in the last quarter. Delphi Private Advisors LLC now owns 3,552 shares of the network equipment provider's stock worth $136,000 after acquiring an additional 2,681 shares in the last quarter.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

CSCO is reaching $45.2 during the last trading session, after decreased 0.62%.Currently Cisco Systems, uptrending after 25.57% change in last May 16, 2017. The stock has a market capitalization of $220.16 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.26 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. 12,126 Cisco Systems, Inc.

Cisco CSCO, +0.11% is scheduled to report fiscal third-quarter earnings on Wednesday after the close of trading. The network equipment provider reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. The Return on Investment and Return on Equity (ROE) values are 11.7 percent and 17 percent, respectively.

Net income rose to $2.69 billion, or 56 cents per share, in the third quarter ended April 28, from $2.52 billion, or 50 cents per share, a year earlier. 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%. This repurchase authorization authorizes the network equipment provider to repurchase shares of its stock through open market purchases.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.33 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. Credit Suisse Group began coverage on Cisco Systems in a research note on Wednesday, May 9th.

A number of analysts have issued reports on the stock. They set a "neutral" rating and a $41.00 price target on the stock. Goldman Sachs raised shares of Cisco Systems from a "buy" rating to a "conviction-buy" rating in a report on Friday, March 23rd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of "Buy" and an average price target of $45.20. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued. Following the sale, the director now owns 74,479 shares of the company's stock, valued at $3,379,112.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

In other news, Director M Michele Burns sold 12,126 shares of the business's stock in a transaction dated Monday, February 26th. The stock was 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. (CSCO), Week Volatility is 1.44%, whereas Month Volatility is at 2.11%.

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The firm offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video it has negative earnings.

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