Cisco Systems, Inc. (NASDAQ:CSCO) – Stock analysts at William Blair dropped their Q4 2020 EPS estimates for shares of Cisco Systems in a research note issued on Thursday, August 15th. William Blair analyst J. Ader now forecasts that the network equipment provider will post earnings per share of $0.81 for the quarter, down from their prior estimate of $0.83. William Blair has a “Market Perform” rating and a $56.10 price target on the stock.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $13.43 billion during the quarter, compared to analysts’ expectations of $13.39 billion. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS.
Cisco Systems stock opened at $47.93 on Monday. The stock has a market cap of $201.02 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 2.16 and a beta of 1.18. The company has a fifty day simple moving average of $54.64 and a 200-day simple moving average of $53.76. Cisco Systems has a 12-month low of $40.25 and a 12-month high of $58.26. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 2.92%. Cisco Systems’s dividend payout ratio is presently 49.12%.
In other Cisco Systems news, Director Steven M. West sold 20,000 shares of Cisco Systems stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the transaction, the director now directly owns 5,263 shares in the company, valued at $295,833.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Chandler sold 1,379 shares of Cisco Systems stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $55.94, for a total transaction of $77,141.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,379 shares of company stock worth $4,950,541. 0.03% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Great Valley Advisor Group Inc. increased its stake in shares of Cisco Systems by 87.1% during the second quarter. Great Valley Advisor Group Inc. now owns 53,601 shares of the network equipment provider’s stock worth $2,935,000 after acquiring an additional 24,948 shares during the period. Stevens Capital Management LP increased its stake in shares of Cisco Systems by 39.1% during the second quarter. Stevens Capital Management LP now owns 555,338 shares of the network equipment provider’s stock worth $30,394,000 after acquiring an additional 156,143 shares during the period. UMB Bank N A MO increased its stake in shares of Cisco Systems by 104.5% during the second quarter. UMB Bank N A MO now owns 362,875 shares of the network equipment provider’s stock worth $19,860,000 after acquiring an additional 185,451 shares during the period. Geneva Partners LLC boosted its holdings in Cisco Systems by 26.3% during the second quarter. Geneva Partners LLC now owns 21,039 shares of the network equipment provider’s stock worth $1,151,000 after buying an additional 4,386 shares in the last quarter. Finally, Atlas Brown Inc. boosted its holdings in Cisco Systems by 6.8% during the second quarter. Atlas Brown Inc. now owns 16,157 shares of the network equipment provider’s stock worth $884,000 after buying an additional 1,025 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.
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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