Cisco Systems (CSCO) Receives Coverage Optimism Score of 0.22
Media headlines about Cisco Systems (NASDAQ:CSCO) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing 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 closest to one being the most favorable. Cisco Systems earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned headlines about the network equipment provider an impact score of 46.2270662318653 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Cisco Just Bought This Machine Learning Startup (finance.yahoo.com)
- Cisco to Acquire Machine-Learning Focused Startup Perspica (finance.yahoo.com)
- Cisco Systems Inc (CSCO): Technicals in Focus – Stonington Post (blog) (stoningtonpost.com)
- Apple and GE team up on software to track power plants, machinery (AAPL, GE, ACN, IBM, CSCO, SAP) (markets.businessinsider.com)
- Cisco: Cable Nets Can Backhaul Small Cells (lightreading.com)
A number of research firms recently commented on CSCO. Berenberg Bank set a $33.00 price objective on shares of Cisco Systems and gave the stock a “hold” rating in a research note on Saturday, July 1st. Sanford C. Bernstein set a $38.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus set a $34.00 price objective on shares of Cisco Systems and gave the stock a “hold” rating in a research note on Tuesday, August 15th. JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Finally, Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $32.45 price objective for the company in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $35.30.
Cisco Systems (NASDAQ:CSCO) opened at 33.75 on Friday. The firm has a market capitalization of $167.13 billion, a price-to-earnings ratio of 17.76 and a beta of 1.21. The firm has a 50-day moving average of $32.99 and a 200-day moving average of $32.34. Cisco Systems has a 52-week low of $29.12 and a 52-week high of $34.60.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. On average, equities research analysts forecast that Cisco Systems will post $2.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.44%. Cisco Systems’s payout ratio is 60.73%.
In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Karen Walker sold 23,110 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $740,906.60. Following the sale, the senior vice president now owns 192,774 shares in the company, valued at $6,180,334.44. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock worth $15,347,574 over the last quarter. Corporate insiders own 0.11% of the company’s stock.
WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/20/cisco-systems-csco-receives-coverage-optimism-score-of-0-22.html.
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).
Receive News & Stock Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related stocks with our FREE daily email newsletter.