Critical Press Coverage Very Unlikely to Affect Cisco Systems (NASDAQ:CSCO) Share Price

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Press coverage about Cisco Systems (NASDAQ:CSCO) has trended negative on Monday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cisco Systems earned a media sentiment score of -2.31 on their scale. InfoTrie also assigned media coverage about the network equipment provider an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have impacted Cisco Systems’ ranking:

Shares of Cisco Systems stock opened at $45.09 on Monday. The company has a fifty day moving average price of $47.31 and a 200 day moving average price of $51.80. The company has a current ratio of 1.70, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. Cisco Systems has a twelve month low of $40.25 and a twelve month high of $58.26. The stock has a market cap of $190.59 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $13.16 billion during the quarter, compared to analysts’ expectations of $13.09 billion. Cisco Systems had a net margin of 21.15% and a return on equity of 35.01%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. Analysts forecast that Cisco Systems will post 3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 3.10%. Cisco Systems’s payout ratio is currently 49.12%.

CSCO has been the subject of several research reports. Piper Jaffray Companies cut shares of Cisco Systems from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $51.00 in a research note on Monday, November 11th. William Blair reissued a “market perform” rating on shares of Cisco Systems in a research note on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Thursday. Royal Bank of Canada set a $56.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley lowered their price objective on shares of Cisco Systems from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.79.

In other Cisco Systems news, EVP Mark D. Chandler sold 10,733 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $50.05, for a total value of $537,186.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Irving Tan sold 22,896 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $1,131,520.32. Following the completion of the transaction, the senior vice president now directly owns 154,819 shares of the company’s stock, valued at $7,651,154.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 192,584 shares of company stock valued at $9,333,015. 0.03% of the stock is currently owned by corporate insiders.

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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