$12.87 Billion in Sales Expected for Cisco Systems, Inc. (CSCO) This Quarter

Analysts expect Cisco Systems, Inc. (NASDAQ:CSCO) to report sales of $12.87 billion for the current quarter, Zacks reports. Nine analysts have made estimates for Cisco Systems’ earnings, with the highest sales estimate coming in at $12.90 billion and the lowest estimate coming in at $12.84 billion. Cisco Systems posted sales of $12.14 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, November 14th.

According to Zacks, analysts expect that Cisco Systems will report full-year sales of $51.48 billion for the current fiscal year, with estimates ranging from $51.11 billion to $51.80 billion. For the next financial year, analysts anticipate that the business will post sales of $53.14 billion, with estimates ranging from $52.48 billion to $54.17 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Cisco Systems had a return on equity of 22.12% and a net margin of 0.22%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share.

Several brokerages have issued reports on CSCO. Zacks Investment Research raised Cisco Systems from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, October 3rd. Piper Jaffray Companies set a $53.00 price target on shares of Cisco Systems and gave the stock an “overweight” rating in a research report on Monday, October 1st. UBS Group set a $56.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Morgan Stanley upped their price target on shares of Cisco Systems from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 4th. Finally, BidaskClub raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Eight research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $48.76.

In other news, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $47.20, for a total transaction of $3,304,000.00. Following the transaction, the chief financial officer now owns 720,930 shares of the company’s stock, valued at $34,027,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Chandler sold 31,842 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $47.20, for a total transaction of $1,502,942.40. The disclosure for this sale can be found here. Insiders have sold 450,620 shares of company stock worth $21,322,282 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Hedge funds have recently modified their holdings of the company. LFA Lugano Financial Advisors SA increased its stake in shares of Cisco Systems by 220,000.0% in the third quarter. LFA Lugano Financial Advisors SA now owns 2,201 shares of the network equipment provider’s stock valued at $107,000 after purchasing an additional 2,200 shares during the period. JJJ Advisors Inc. purchased a new stake in Cisco Systems in the 2nd quarter worth approximately $110,000. Camarda Financial Advisors LLC lifted its position in Cisco Systems by 546.3% in the 3rd quarter. Camarda Financial Advisors LLC now owns 2,585 shares of the network equipment provider’s stock worth $126,000 after buying an additional 2,185 shares in the last quarter. Legacy Advisors LLC lifted its position in Cisco Systems by 597.6% in the 2nd quarter. Legacy Advisors LLC now owns 3,432 shares of the network equipment provider’s stock worth $148,000 after buying an additional 2,940 shares in the last quarter. Finally, Stelac Advisory Services LLC purchased a new stake in Cisco Systems in the 1st quarter worth approximately $149,000. 71.52% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CSCO traded down $1.33 on Wednesday, hitting $47.11. The stock had a trading volume of 22,005,607 shares, compared to its average volume of 24,590,170. The stock has a market capitalization of $230.76 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.83 and a beta of 1.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.22 and a current ratio of 2.29. Cisco Systems has a 52-week low of $33.67 and a 52-week high of $49.47.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Stockholders of record on Friday, October 5th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.80%. Cisco Systems’s payout ratio is 56.41%.

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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