Needham & Company LLC Reiterates Hold Rating for Cisco Systems, Inc. (CSCO)

During the same quarter in the previous year, the business earned $0.57 earnings per share.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. Finally, Citigroup Inc. restated a buy rating and set a $34.00 price target (down from $35.00) on shares of Cisco Systems in a research note on Thursday, December 29th. The firm owned 1,963,510 shares of the network equipment provider's stock after buying an additional 25,655 shares during the period. (CSCO) is getting weaker by the somewhat negative sentiment (2.20 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. Comparatively, growth in the past five years was 6.05 percent (per annum).

Cisco Systems, Inc.is now showing 0.4% EPS growth this year. The analysts on average had expected $519.1 million, as per the market research firm FactSet Street Account. The stock stands almost $0.41 off versus the 52-week high of $32.31 and $6.71 above the 52-week low of $25.19. OTR Global Downgrades the stock to Mixed on 10/31/16 with no specific Price Target. Sales during the quarter are predicted to arrive at $12.3 billion. In the last month the stock has moved in price 7.45%, with a one year change of 29.49%.

Indicating how profitable Cisco Systems, Inc. This prices the company at $26 per share, a bit higher than the $12 - $14 per share the company sought.

Cisco Systems, Inc. (NASDAQ:CSCO) Price to Earnings (P/E) ratio is 15.42. The company has a market cap of $162,188 million. The stock stands almost -34.57% off versus the 52-week high and 20.32% away from the 52-week low. A total of 40,059,900 shares exchanged hands, whereas the company's average trading volume stands at 22.59M shares. It is predicted to add 6% on day 1 and jump 7% on day 7 after the company reports upcoming earnings.




In recent action, Cisco Systems, Inc.

Cisco Systems, Inc. (NASDAQ:CSCO) reported its previous quarter on 11/16/2016 where it reported the Actual Earnings of $0.61. The company's Relative strength index is 80.41. 1 Analysts have rated it as strong sell. The company has a 1 Year high price target of $33.26. The CSCO ratings chart showed that 13 gave HOLD ratings for the current month as 3 analysts opting for Overweight option for same period, whereas, not a single analyst out of pool gave UNDERWEIGHT rating. The company's year to date (YTD) performance is at 9.54%. Cisco Systems, Inc. stock trades in the range of $31.77 to $32.31 before the earnings release.

The stock initially dipped 1 percent in after-hours trade, but later reversed to trade more than 1 percent higher.

The company shows its Return on Assets (ROA) value of 8.9%.

Cisco raised quarterly dividend by 3 cents to 29 cents per share, to be paid on April 26, 2017. Despite the fact that its cash flows are declining due to lower earnings, the dividend payments look complete safe, supported by its strong free cash flows. (NASDAQ:CSCO) reported its EPS in the last quarter as $0.61/Share beating the analyst estimate of $0.59/Share by the difference of $0.02.

 

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