Cisco Earnings: What to Watch

Chuck Robbins CEO of Cisco

Cisco gets much of its revenue by selling data center switching and routing hardware, and the company's switching and next-generation routing revenue, totaling $5.3 billion, decreased 9 percent year over year and fell below the StreetAccount consensus of analysts' estimates. State Street Corp is the second biggest holder with 216 million shares now valued at 7.28 B million whilst Wellington Management Company LLP has 112 million shares valued at 3.77 B million. The company has a market capitalization of $161.88 billion, a PE ratio of 16.434 and a beta of 1.24. After a recent check, Cisco Systems, Inc.'s 14-day RSI is presently at 58.27. Nomura maintained Cisco Systems, Inc. Stock investors purchased 24,568 put options on the stock. This represents an increase of approximately 223% compared to the typical volume of 7,606 put options.

During the earnings call scheduled for late Wednesday, analysts will likely ask about the health of Cisco's public sector orders, which have fallen due to uncertainty about department budgets, as well as service provider orders in Mexico, which fell 49% year-over-year in the third period as a result of President Donald Trump's rocky relations with the country. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%.

Looking forward, for the quarter ending Apr-17, 27 analysts have a mean sales target of 11,894.50 million. During the same period in the prior year, the company earned $0.57 earnings per share. The same period from a year ago had $0.63 in EPS and $12.64 billion in revenue.

In the same quarter a year ago, Cisco reported non-GAAP earnings of 63 cents per share or $3.2 billion on $12.64 billion in sales.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th were issued a $0.29 dividend.

For Q1, it's guiding for revenue to drop 1-3% Y/Y and for an EPS of $0.59-$0.61 (in line with consensus for $0.60). The ex-dividend date was Wednesday, July 5th. Crestwood Ltd invested 2.02% of its portfolio in Cisco Systems, Inc. Robert W. Baird reiterated a buy rating on shares of Cisco Systems in a report on Monday, May 1st. Instinet reaffirmed a "neutral" rating and set a $29.00 price objective on shares of Cisco Systems in a research note on Monday, July 3rd. Cowen and Company restated an "outperform" rating and issued a $39.00 price objective on shares of Cisco Systems in a report on Thursday, April 6th. Cisco Systems has a consensus rating of "Buy" and a consensus price target of $35.31. It turned negative, as 81 investors sold Cisco Systems, Inc. shares while 635 reduced holdings. The stock closing price is now trading downward to its 50 day moving average with change of -4.52%, tumbled to its 20 day moving average with figure of -4.48% and behind its 200 day moving average with value -16.41%. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Karen Walker sold 7,802 shares of the firm's stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $31.52, for a total value of $9,315,326.24. The disclosure for this sale can be found here. The stock ended last trade at $32.09 a share and the price is up more than 6.19% so far this year. The stock rose 0.12% or $0.04 reaching $32.13 per share. Moreover, Greenwich Wealth Mngmt Lc has 1.04% invested in Cisco Systems, Inc. "(CSCO)" was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and republished in violation of United States and global copyright law. The insider CHANDLER MARK D sold 16,000 shares worth $544,640. Hodges Capital Management Inc. now owns 41,541 shares of the network equipment provider's stock valued at $1,404,000 after buying an additional 6,157 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Cisco Systems during the fourth quarter valued at about $128,000. Ltd. increased its stake in shares of Cisco Systems by 15.0% in the first quarter. Willis Investment Counsel now owns 943,417 shares of the network equipment provider's stock valued at $28,510,000 after buying an additional 225,985 shares in the last quarter.

Several other institutional investors have also recently bought and sold shares of the stock.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world.



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