Cisco Systems (CSCO) Receiving Somewhat Favorable News Coverage, Report Finds

Press coverage about Cisco Systems (NASDAQ:CSCO) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cisco Systems earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the network equipment provider an impact score of 46.6180444128923 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern’s scoring:

Several brokerages have recently weighed in on CSCO. Piper Jaffray Companies restated an “overweight” rating and set a $44.00 target price on shares of Cisco Systems in a research note on Wednesday. BMO Capital Markets restated a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price for the company. in a research note on Monday, September 25th. BidaskClub upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.93.

Shares of Cisco Systems (NASDAQ CSCO) traded up $0.22 during midday trading on Wednesday, reaching $39.91. 19,470,187 shares of the company’s stock were exchanged, compared to its average volume of 20,850,000. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. Cisco Systems has a 1 year low of $29.80 and a 1 year high of $40.24. The company has a market capitalization of $197,300.00, a PE ratio of 20.68, a P/E/G ratio of 3.57 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the company posted $0.61 earnings per share. Cisco Systems’s revenue was down 1.7% on a year-over-year basis. research analysts anticipate that Cisco Systems will post 2.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.91%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

In other news, Director Roderick C. Mcgeary sold 15,230 shares of Cisco Systems stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total transaction of $578,740.00. Following the sale, the director now owns 113,154 shares of the company’s stock, valued at $4,299,852. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the sale, the insider now directly owns 712,736 shares in the company, valued at approximately $26,014,864. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 348,643 shares of company stock worth $12,892,271. Corporate insiders own 0.05% of the company’s stock.

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About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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