News articles about Cisco Systems (NASDAQ:CSCO) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cisco Systems earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the network equipment provider an impact score of 47.0063821075286 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Nokia's Latest Acquisition Could Hurt Ubiquiti Networks (finance.yahoo.com)
- Cisco Systems (CSCO) Upgraded by Vetr to Buy (americanbankingnews.com)
- Nutanix Replaced By Cisco On Goldman Sachs’ Conviction List, But Still A Buy – Benzinga (benzinga.com)
- Cisco Systems, Inc. (CSCO) – Investors Buy or Sell at 52-week high? – The Stocks News (press release) (thestocksnews.com)
- Cisco Systems (CSCO) Upgraded by Goldman Sachs to Conviction-Buy (americanbankingnews.com)
Several analysts recently issued reports on the company. Barclays increased their price target on Cisco Systems from $37.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Nomura upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Monday, February 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price target on shares of Cisco Systems in a report on Thursday, December 14th. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, February 21st. Finally, Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $45.11 price target for the company in a report on Thursday, February 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and a consensus price target of $44.25.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The business had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11.82 billion. Cisco Systems had a positive return on equity of 17.77% and a negative net margin of 3.00%. During the same period last year, the firm earned $0.57 earnings per share. analysts expect that Cisco Systems will post 2.33 earnings per share for the current fiscal year.
Cisco Systems declared that its board has approved a share buyback program on Wednesday, February 14th that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, April 5th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.11%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 4th. Cisco Systems’s dividend payout ratio (DPR) is -362.50%.
In related news, EVP David Goeckeler sold 20,671 shares of Cisco Systems stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $45.50, for a total value of $940,530.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director M Michele Burns sold 12,126 shares of Cisco Systems stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $45.37, for a total value of $550,156.62. Following the completion of the transaction, the director now owns 74,479 shares of the company’s stock, valued at $3,379,112.23. The disclosure for this sale can be found here. Insiders sold 46,986 shares of company stock valued at $2,116,422 over the last quarter. Insiders own 0.05% of the company’s stock.
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About Cisco Systems
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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