Brokerages Anticipate Cisco Systems (CSCO) Will Announce Quarterly Sales of $12.42 Billion

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The business is expected to report its next quarterly earnings report after the market closes on Wednesday, May 16th. AGF Investments Inc.'s holdings in Cisco Systems were worth $37,773,000 at the end of the most recent reporting period.

Cisco forecast fourth-quarter profit of 68 cents to 70 cents per share, while analysts were expecting 69 cents, according to Thomson Reuters I/B/E/S. Stonebridge Capital Advsr Lc holds 0.73% of its capital in Cisco Systems, Inc. The network equipment provider reported $0.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.04. The firm had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11.82 billion.

Cisco Systems, Inc. registered $10.28 million net activity with 0 buys and 5 sales since December 14, 2017. During the same quarter in the previous year, the business earned $0.57 EPS. They noted that the move was a valuation call. He has an outperform rating and a $50 price target in place on Cisco, and he shared some thoughts on the company's new model in a note to clients. In Wednesday, April 18 report Piper Jaffray maintained it with "Buy" rating and $4900 target.

In total 23 analysts cover Cisco Systems (NASDAQ:CSCO). The stock now has a consensus rating of "Buy" and a consensus target price of $45.20. Goeckeler David sold $940,559 worth of stock or 20,671 shares. The shares were sold at an average price of $44.10, for a total transaction of $625,734.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12,126 shs were sold by BURNS M MICHELE, worth $550,153 on Monday, February 26. Also, Director Arun Sarin sold 14,189 shares of the company's stock in a transaction dated Tuesday, February 20th. The disclosure for this sale can be found here. Over the last three months, the shares of the company have changed 10.31% and performed 33.80% over the last six months.

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The prolific corporate acquirers of the startup which previously have used its cash reserves for acquiring different companies have this time made a decision to serve as the anchor limited-partner investor in this venture.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

Cisco Systems Inc. may finally be turning the corner, but not fast enough for its investors. In the last quarter, insiders sold 46,986 shares of company stock worth $2,116,422. Stifel Financial Corp raised its holdings in Cisco Systems by 6,109.5% during the third quarter. Commerce Bank grew its stake in shares of Cisco Systems by 98.0% during the second quarter. Cornerstone Advisory LLP now owns 8,355 shares of the network equipment provider's stock worth $262,000 after buying an additional 494 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Cisco Systems by 6.5% in the third quarter. The stock decreased 0.48% or $0.22 during the last trading session, hitting $45.48.Cisco Systems, Inc. has volume of 22.16M shares. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.38 and a current ratio of 2.43. Minnesota-based Ameriprise Financial Inc has invested 1.1% in Cisco Systems, Inc. This represents a $1.32 dividend on an annualized basis and a yield of 2.98%. Dubuque Savings Bank And Tru has invested 2.19% in Cisco Systems, Inc. More interesting news about Noah Holdings Limited (NYSE:NOAH) was released by: Prnewswire.com and their article: "Noah Holdings Limited Files FY2017 Annual Report On Form 20-F" with publication date: April 30, 2018. Colonial Advsrs has invested 1% in Cisco Systems, Inc. This buyback authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued. It also provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, series, fabric interconnects, and management software solutions; wireless products consisting of wireless access points, WLAN controllers, cloud and appliances based services, and integrated software services.

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