Cisco Systems (CSCO) Earning Somewhat Favorable News Coverage, Report Shows

Media stories about Cisco Systems (NASDAQ:CSCO) have trended somewhat positive this week, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cisco Systems earned a daily sentiment score of 0.57 on their scale. InfoTrie also gave news stories about the network equipment provider an news buzz score of 3 out of 10, indicating that recent media coverage is unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Cisco Systems’ analysis:

Shares of Cisco Systems stock opened at $47.50 on Thursday. The firm has a market cap of $229.22 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16. Cisco Systems has a 1-year low of $40.19 and a 1-year high of $49.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.11.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 13th. The network equipment provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. The business had revenue of $12.45 billion for the quarter, compared to analysts’ expectations of $12.43 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. As a group, equities analysts expect that Cisco Systems will post 2.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.95%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.33. Cisco Systems’s dividend payout ratio (DPR) is currently 56.41%.

A number of equities research analysts have recently commented on the stock. Wells Fargo & Co reiterated a “buy” rating on shares of Cisco Systems in a report on Wednesday. Argus reiterated a “buy” rating and set a $55.00 price target on shares of Cisco Systems in a report on Tuesday, January 15th. Wolfe Research assumed coverage on shares of Cisco Systems in a report on Tuesday, December 11th. They set an “outperform” rating on the stock. Raymond James increased their price target on shares of Cisco Systems from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, November 15th. Finally, Credit Suisse Group set a $44.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a report on Wednesday, January 16th. Nine research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and an average price target of $51.17.

In other news, Director M Michele Burns sold 4,744 shares of Cisco Systems stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $44.06, for a total transaction of $209,020.64. Following the transaction, the director now owns 74,164 shares in the company, valued at approximately $3,267,665.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Chandler sold 4,373 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $44.89, for a total transaction of $196,303.97. The disclosure for this sale can be found here. Insiders have sold a total of 166,067 shares of company stock worth $7,804,662 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

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Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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