Cisco's 'Better-than-Feared' Q2 Results: What Wall Street's Saying

Cisco Systems, Inc. (NASDAQ:CSCO) hit its 52-week high price on 02/15/17, and 52-week low price on 02/24/16. The Stock declined on the very next day of earnings and maintained its stock price at $30.05 by showing a % change of -4.81 percent from its previous closing price. On average, equities analysts predict that Cisco Systems will post $2.37 earnings per share for the current year.

Shares dropped 1.3 percent to $32.40 after trading closed. Cisco Systems accounts for 5.3% of Saratoga Research & Investment Management's holdings, making the stock its 5th largest position.

More analysts at Reuters have a buy or better ratings (21) on the Cisco Systems, Inc. stock than those who have a hold (13) rating while the 12-month target price suggested by the average analysts is $33.26.

Many Analysts provided their foresight on Revenue Estimates of Cisco Systems, Inc. where they believe that the company has the potential to earn average revenue of $11.55 Billion for the current quarter. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the stock. The company reported its last quarter on Oct 16. Post-earnings, CSCO stock ranged between $29.61 and $30.05 after opening the day (11/17/2016) at $29.91. The company also raised its quarterly dividend from $0.26 to $0.29. Revenue fell 2.9% year-over-year to $11.58 billion, but still beat Wall Street's projected $11.55 billion. The company forecast for Q3 EPS surrounded the Street's estimate of $0.58. The firm has a market cap of $164.75 billion, a PE ratio of 15.70 and a beta of 1.36. The Return on Equity now counts at 17.00%. Cisco declared second quarter revenue of $11.6 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.47 per share, and non-GAAP net income of $2.9 billion or $0.57 per share. Shares now yield about 3.50% on an annual basis. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2017/02/16/cisco-systems-csco-underperform-rating-reiterated-at-credit-suisse-group-2.html. Cisco Systems's payout ratio is presently 49.52%. The stock soared 22.61 percent over the last 6 months. The sale was disclosed in a filing with the SEC, which is available through this link.

TN Department of Health says to Get a Flu Shot
Clay County Health Department Officials are spreading the word: If you haven't gotten your flu shot , now's the time. There have been 896 cases of flu this year in DE , with 159 of those coming from Sussex County, the release said.

In terms of customer segments enterprise inched up 1%, commercial grew 3%, public sector declined 6% and service provider dipped 1%. (CSCO) announced it is expanding its Cisco Unified Computing System™ (Cisco UCS®) Solutions portfolio by offering Microsoft Azure Stack on Cisco® UCS via an integrated, validated system that enables organizations to deliver Microsoft Azure services from their on-premises data center. Price T Rowe Associates Inc.

When we have a peek on stock's historical trends we come to know that, the stock has climbed 4.96% in the past one week and soared 9.44% during previous one month drive, the stock went up 5.52% during past quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

By region, sales in the Americas were down 3%, EMEA was flat, and APJC was down 3%.

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