Cisco Systems, Inc. (CSCO) Q1 Earnings Beat; Outlook In-Line

Cisco Systems, Inc. (CSCO) Q1 Earnings Beat; Outlook In-Line

Cisco Systems, Inc. (CSCO) Q1 Earnings Beat; Outlook In-Line

Several research analysts have commented on the stock. Piper Jaffray Companies reaffirmed a "buy" rating and set a $36.00 price objective on shares of Cisco Systems in a report on Thursday, August 17th. On October 23 BMO Capital Markets maintained a stock rating of "Hold" targeting a price of $32.00. (NASDAQ:CSCO) has "Hold" rating given on Tuesday, October 24 by Needham.

Out with a bullish preview, Drexel Hamilton analyst Brian White maintains a Buy rating on CSCO stock with a price target of $39, which represents a 14% increase from where the stock is now trading. November 3 investment analysts at Cowen and Company left the stock rating at "Buy" projecting a price of $38.00. October 24 investment analysts at Berenberg Bank made no change to the stock rating of "Hold" with a current price target of $33.00.

Cisco Systems, the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that wonderful things can happen when you connect the previously unconnected. Berkshire Hathaway Inc. tumbled -3.85% from its high of $190.68 to a $452.29 billion market value through last close. The stock increased 0.27% or $0.09 during the last trading session, reaching $34.04. The legal version of this news story can be viewed at In the latest earnings report the EPS was $1.90 with 4.95B shares presently outstanding.

For the current quarter ending in February, Cisco expects its per-share earnings to range from 58 cents to 60 cents.

Matched revenue estimates. The company saw revenue figures of $12.136 billion, basically matching our consensus estimate of $12.14 billion.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. And the services business rose by 1% to $3.08 billion. The ex-dividend date of this dividend was Wednesday, October 4th. Private Wealth Advsr has invested 2.39% in Cisco Systems, Inc. (NASDAQ:CSCO) was sold by CHAMBERS JOHN T on Wednesday, May 24. It increased, as 90 investors sold CSCO shares while 594 reduced holdings. Moreover, Banc Funds Co Llc has 1.3% invested in the company for 1.51 million shares. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Orrstown Financial Services Inc sold 28,163 shares as the company's stock declined 7.64% while stock markets rallied.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Waters Parkerson & Lc owns 13,019 shares. The disclosure for this sale can be found here.

For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments. Wagner Bowman Corporation invested 0.84% of its portfolio in General Electric Company (NYSE:GE).

ILLEGAL ACTIVITY NOTICE: This story was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another site, it was stolen and reposted in violation of global copyright legislation. Vanguard Group Inc. increased its position in Cisco Systems by 2.2% during the second quarter. Gyroscope Capital Management Group Llc acquired 18,634 shares as Cisco Sys Inc (CSCO)'s stock declined 7.50%. Holderness Investments Co. now owns 66,740 shares of the network equipment provider's stock valued at $2,256,000 after buying an additional 7,186 shares during the period. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider's stock worth $273,977,000 after acquiring an additional 8,016,561 shares during the period. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider's stock worth $419,903,000 after acquiring an additional 3,559,275 shares during the last quarter. (NASDAQ:CSCO) news were published by: which released: "Cisco Systems: Don't Throw In The Towel Just Yet" on November 08, 2017, also with their article: "Oracle vs. Cisco by the numbers" published on October 17, 2017, published: "Cisco: Those Who Lie In Wait" on October 16, 2017. (NASDAQ:CSCO). Baker Ellis Asset Mngmt Limited Com holds 0.14% or 15,773 shares.

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