Media coverage about Cisco Systems (NASDAQ:CSCO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cisco Systems earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the network equipment provider an impact score of 47.9504511592011 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- How Cisco Systems Is Increasing Its Shareholder Value (finance.yahoo.com)
- What’s Likely to Drive Ericsson’s Future Revenue? (finance.yahoo.com)
- The Zacks Analyst Blog Highlights: PayPal, Apple, Facebook, Alphabet's and Cisco (finance.yahoo.com)
- How Is Cisco Trading Compared to Moving Averages in August 2017? (finance.yahoo.com)
- Nasdaq Falls, But Market Shows Pockets Of Strength (finance.yahoo.com)
CSCO has been the topic of several research reports. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a report on Wednesday, April 26th. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 target price on the stock. in a report on Wednesday, April 26th. Credit Suisse Group raised Cisco Systems from an “underperform” rating to an “outperform” rating and upped their target price for the company from $27.00 to $40.00 in a report on Thursday, April 27th. Robert W. Baird reissued a “buy” rating on shares of Cisco Systems in a report on Monday, May 1st. Finally, BMO Capital Markets lowered Cisco Systems from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $37.00 to $35.00 in a report on Tuesday, May 9th. Fourteen research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $35.47.
Shares of Cisco Systems (CSCO) traded up 1.03% during midday trading on Thursday, reaching $31.24. The company’s stock had a trading volume of 22,576,090 shares. The stock has a market capitalization of $155.98 billion, a P/E ratio of 16.44 and a beta of 1.24. Cisco Systems has a 12 month low of $29.12 and a 12 month high of $34.60. The stock’s 50-day moving average is $31.45 and its 200 day moving average is $32.56.
Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. Cisco Systems’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, analysts expect that Cisco Systems will post $2.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were issued a $0.29 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $1.16 annualized dividend and a yield of 3.71%. Cisco Systems’s payout ratio is 60.73%.
In related news, SVP Rebecca Jacoby sold 92,840 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total value of $2,943,956.40. Following the transaction, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Karen Walker sold 7,802 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Following the completion of the transaction, the senior vice president now owns 178,577 shares in the company, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.
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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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