Cisco Systems (NASDAQ:CSCO) Issues Q2 Earnings Guidance

Cisco Systems (NASDAQ:CSCO) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.75-0.77 for the period, compared to the Thomson Reuters consensus estimate of $0.79. The company issued revenue guidance of down 3-5% to ~$11.82-12.07 billion, compared to the consensus revenue estimate of $12.77 billion.

NASDAQ CSCO traded up $0.56 during trading hours on Friday, hitting $45.47. The company’s stock had a trading volume of 535,782 shares, compared to its average volume of 16,025,272. The stock has a fifty day moving average of $47.40 and a 200 day moving average of $51.86. Cisco Systems has a twelve month low of $40.25 and a twelve month high of $58.26. The firm has a market capitalization of $205.27 billion, a P/E ratio of 15.96, a PEG ratio of 2.35 and a beta of 1.28. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The company had revenue of $13.16 billion during the quarter, compared to the consensus estimate of $13.09 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Cisco Systems will post 3.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, October 3rd. Cisco Systems’s dividend payout ratio is presently 49.12%.

A number of analysts have recently issued reports on the stock. MKM Partners cut their target price on shares of Cisco Systems from $56.00 to $51.00 and set a neutral rating for the company in a research note on Thursday, August 15th. Robert W. Baird cut their target price on shares of Cisco Systems from $54.00 to $52.00 and set an outperform rating for the company in a research note on Thursday. Barclays cut their target price on shares of Cisco Systems from $51.00 to $47.00 and set an equal weight rating for the company in a research note on Thursday. ValuEngine cut shares of Cisco Systems from a hold rating to a sell rating in a research note on Friday, November 1st. Finally, UBS Group restated a buy rating and set a $54.00 target price (down previously from $58.00) on shares of Cisco Systems in a research note on Thursday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $54.32.

In other Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.72, for a total value of $3,270,400.00. Following the transaction, the chief financial officer now directly owns 277,548 shares of the company’s stock, valued at approximately $12,967,042.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Chandler sold 10,733 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $50.05, for a total transaction of $537,186.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 193,130 shares of company stock worth $9,359,179. Insiders own 0.03% of the company’s stock.

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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Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

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