Somewhat Positive Media Coverage Extremely Likely to Impact Cisco Systems (CSCO) Stock Price

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News coverage about Cisco Systems (NASDAQ:CSCO) has trended somewhat positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cisco Systems earned a media sentiment score of 1.02 on their scale. InfoTrie also gave news headlines about the network equipment provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Cisco Systems’ score:

Shares of NASDAQ CSCO traded down $1.33 on Friday, hitting $47.11. The company’s stock had a trading volume of 22,005,607 shares, compared to its average volume of 24,590,170. Cisco Systems has a 12-month low of $33.67 and a 12-month high of $49.47. The company has a market capitalization of $230.76 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 2.22.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The company had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts forecast that Cisco Systems will post 2.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Shareholders of record on Friday, October 5th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Thursday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 56.41%.

A number of analysts recently commented on CSCO shares. Morgan Stanley decreased their price objective on shares of Cisco Systems from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, July 19th. BidaskClub raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Friday, August 10th. JPMorgan Chase & Co. set a $59.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a report on Thursday, August 16th. Loop Capital reissued a “hold” rating and set a $47.00 price objective on shares of Cisco Systems in a report on Monday, August 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Eight investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.76.

In other Cisco Systems news, EVP David Goeckeler sold 63,050 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $47.57, for a total value of $2,999,288.50. Following the sale, the executive vice president now owns 547,019 shares of the company’s stock, valued at $26,021,693.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles Robbins sold 217,420 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $47.28, for a total transaction of $10,279,617.60. The disclosure for this sale can be found here. Insiders sold 450,620 shares of company stock worth $21,322,282 in the last ninety days. Insiders own 0.03% of the company’s stock.

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Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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