Analysts forecast that Cisco Systems, Inc. (NASDAQ:CSCO) will announce $12.09 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Cisco Systems’ earnings, with the lowest sales estimate coming in at $11.94 billion and the highest estimate coming in at $12.29 billion. Cisco Systems posted sales of $12.35 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The firm is scheduled to announce its next earnings results on Wednesday, November 15th.

According to Zacks, analysts expect that Cisco Systems will report full year sales of $12.09 billion for the current fiscal year, with estimates ranging from $47.52 billion to $49.00 billion. For the next financial year, analysts expect that the business will report sales of $48.88 billion per share, with estimates ranging from $46.93 billion to $50.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share.

A number of equities research analysts have issued reports on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $36.00 target price on shares of Cisco Systems in a report on Sunday. Sanford C. Bernstein reiterated an “outperform” rating and set a $38.00 target price on shares of Cisco Systems in a report on Sunday. Bank of America Corporation reiterated a “neutral” rating and set a $35.00 target price on shares of Cisco Systems in a report on Friday. William Blair reiterated an “outperform” rating on shares of Cisco Systems in a report on Saturday. Finally, JMP Securities reiterated a “market perform” rating on shares of Cisco Systems in a report on Friday. Fourteen analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and a consensus target price of $35.47.

In other Cisco Systems news, insider John T. Chambers sold 295,537 shares of Cisco Systems stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total transaction of $9,315,326.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total transaction of $244,124.58. Following the transaction, the senior vice president now owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. Insiders sold 396,179 shares of company stock valued at $12,503,407 in the last quarter. Company insiders own 0.11% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth about $1,042,000. I.G. Investment Management LTD. boosted its position in shares of Cisco Systems by 30.1% in the fourth quarter. I.G. Investment Management LTD. now owns 4,400,531 shares of the network equipment provider’s stock worth $132,984,000 after buying an additional 1,018,083 shares during the last quarter. Putnam Investments LLC boosted its position in shares of Cisco Systems by 0.9% in the fourth quarter. Putnam Investments LLC now owns 8,906,738 shares of the network equipment provider’s stock worth $269,162,000 after buying an additional 76,974 shares during the last quarter. Willis Investment Counsel boosted its position in shares of Cisco Systems by 31.5% in the fourth quarter. Willis Investment Counsel now owns 943,417 shares of the network equipment provider’s stock worth $28,510,000 after buying an additional 225,985 shares during the last quarter. Finally, Jarislowsky Fraser Ltd boosted its position in shares of Cisco Systems by 1.2% in the fourth quarter. Jarislowsky Fraser Ltd now owns 65,839 shares of the network equipment provider’s stock worth $1,989,000 after buying an additional 801 shares during the last quarter. Institutional investors own 75.28% of the company’s stock.

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Shares of Cisco Systems (CSCO) traded down 2.16% during trading on Thursday, reaching $30.37. 34,802,193 shares of the company traded hands. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 15.98 and a beta of 1.24. The firm’s 50 day moving average price is $31.48 and its 200-day moving average price is $32.55. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $34.60.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is 60.73%.

Cisco Systems Company Profile

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

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