Cisco Top-Line, Earnings Beat, In-Line Guidance Disappoints

Marco Green
May 17, 2018

The company has a market capitalization of $212,404.38, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 3.15 and a beta of 1.14. Cornerstone Advisory LLP grew its stake in shares of Cisco Systems by 6.3% during the second quarter. The ratio is positive due to CSCO positioning: 51 sold and 660 reduced.

As of Q4 2017 Jupiter Asset Management Ltd has 9.57% invested in Cisco Systems Inc.

EPS is seen in a range of 68 cents to 70 cents, on a non-GAAP basis, in line with the average for 69 cents a share. The Michigan-based fund Managed Asset Portfolios Llc holds 544,922 shares or 6.61% of their fund's portfolio.

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. 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 company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The stock decreased 0.62% or $0.28 during the last trading session, reaching $45.2.

Shares of CSCO opened at $44.29 on Tuesday. CSCO outperformed by 14.02% the S&P 500. (NASDAQ:CSCO). Burns J W And Company owns 11,830 shs.

3/26/2018 - Cisco Systems was downgraded by analysts at Vetr from a "buy" rating to a "hold" rating. (NASDAQ:CSCO). 43,443 are owned by Planning Limited Liability. Garland Capital holds 138,011 shs or 3.47% of its capital.

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

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The California-based Menta Capital Llc has invested 0.08% in the stock.

Cisco Systems, Inc. (CSCO) performance during the last one year upgraded 32.87 percent, while its year to date (YTD) performance showed a positive trend of 18.75 percent. (NASDAQ:CSCO). Delta Cap Management Limited reported 2.21% stake. Palladium Prtnrs Ltd Liability holds 448,858 shares. Garland Cap Management accumulated 138,011 shs or 3.47% of the stock. Greenwood Gearhart owns 191,808 shs for 2.34% of their capital. Commonwealth Of Pennsylvania School Empls Retrmt owns 442,197 shs. Gibraltar stated it has 3.04% in Cisco Systems, Inc. (NASDAQ:CSCO) shs with value of $578,740 were sold by MCGEARY RODERICK C. $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 15,230 shs. Cisco has investments of hundreds of millions of dollars reserved for acquiring upcoming enterprising startups. (NASDAQ:CSCO) shs were sold by BARTZ CAROL.

According to 2017Q4 SEC form the Michael Novogratz rose its holdings in Cisco Sys Inc (CSCO) by 12.89%. (NASDAQ:CSCO) news published briefly go to: 247Wallst.com, Globenewswire.com, Globenewswire.com, 247Wallst.com or Nasdaq.com. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The firm earned "Buy" rating on Thursday, June 16 by UBS. On Thursday, February 15 the firm has "Buy" rating by Bank of America given. On Monday, May 14 the company was maintained by GBH Insights. They now have a "buy" rating on the stock.

Cisco Systems had its "overweight" rating reaffirmed by analysts at Piper Jaffray. (NASDAQ:CSCO) earned "Buy" rating by Jefferies. On Thursday, February 15 KeyBanc Capital Markets maintained Cisco Systems, Inc. The stock has "Hold" rating by J.P. Morgan on Wednesday, June 21. The company rating was maintained by Stifel Nicolaus on Wednesday, March 14.

3/16/2018 - Cisco Systems had its price target raised by analysts at Citigroup from $46.00 to $52.00.

Wall Street was looking for earnings of 65 cents per share on revenue of $12.44 billion.

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