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

CSCO image

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.

DHS: Most Immigrants Arrested By ICE Had Crime Records
However, there are apparently undocumented immigrants with no criminal records were also arrested and could possibly be deported. An ICE official in the Los Angeles office said the raids were part of an "enforcement surge" but maintained they were routine.

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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