Zacks: Analysts Expect Cisco Systems, Inc. (NASDAQ:CSCO) Will Announce Earnings of $0.76 Per Share

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Analysts expect that Cisco Systems, Inc. (NASDAQ:CSCO) will announce earnings per share (EPS) of $0.76 for the current quarter, Zacks reports. Eight analysts have provided estimates for Cisco Systems’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.75. Cisco Systems reported earnings per share of $0.73 in the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The company is expected to announce its next quarterly earnings report on Wednesday, February 12th.

On average, analysts expect that Cisco Systems will report full-year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.35. For the next fiscal year, analysts forecast that the firm will report earnings of $3.43 per share, with EPS estimates ranging from $3.32 to $3.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $13.16 billion during the quarter, compared to the consensus estimate of $13.09 billion. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share.

Several brokerages have weighed in on CSCO. William Blair restated a “market perform” rating on shares of Cisco Systems in a research note on Thursday, November 14th. Zacks Investment Research downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $47.00 target price for the company. in a report on Friday, November 15th. Robert W. Baird reiterated a “buy” rating and issued a $54.00 target price on shares of Cisco Systems in a report on Monday, November 11th. Citigroup cut their price target on shares of Cisco Systems from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Morgan Stanley reduced their price objective on shares of Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.53.

In related news, SVP Irving Tan sold 22,896 shares of Cisco Systems stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total value of $1,131,520.32. Following the completion of the sale, the senior vice president now owns 154,819 shares of the company’s stock, valued at approximately $7,651,154.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Chandler sold 10,733 shares of the business’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 disclosure for this sale can be found here. Over the last quarter, insiders sold 511,314 shares of company stock worth $23,530,971. Corporate insiders own 0.03% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC lifted its stake in Cisco Systems by 1,546.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 48,285,218 shares of the network equipment provider’s stock worth $2,642,650,000 after purchasing an additional 45,351,980 shares in the last quarter. Fisher Asset Management LLC grew its position in Cisco Systems by 2.8% in the third quarter. Fisher Asset Management LLC now owns 30,517,061 shares of the network equipment provider’s stock worth $1,507,848,000 after acquiring an additional 839,300 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Cisco Systems by 13.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 21,589,214 shares of the network equipment provider’s stock valued at $1,066,724,000 after acquiring an additional 2,496,113 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Cisco Systems by 2.6% in the second quarter. UBS Asset Management Americas Inc. now owns 18,929,924 shares of the network equipment provider’s stock valued at $1,036,035,000 after acquiring an additional 478,368 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Cisco Systems by 155.6% during the third quarter. First Trust Advisors LP now owns 17,446,107 shares of the network equipment provider’s stock valued at $862,012,000 after purchasing an additional 10,621,798 shares in the last quarter. 72.62% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems stock traded down $0.12 during trading on Friday, hitting $44.16. 6,783,213 shares of the company were exchanged, compared to its average volume of 20,747,082. The company has a market capitalization of $192.22 billion, a P/E ratio of 15.49, a PEG ratio of 2.57 and a beta of 1.22. The business’s 50 day moving average is $46.44 and its 200 day moving average is $50.99. Cisco Systems has a 52 week low of $40.25 and a 52 week high of $58.26. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42.

About Cisco Systems

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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