Equities analysts forecast that Cisco Systems, Inc. (NASDAQ:CSCO) will announce $11.81 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Cisco Systems’ earnings, with the lowest sales estimate coming in at $11.73 billion and the highest estimate coming in at $11.91 billion. Cisco Systems reported sales of $11.58 billion during the same quarter last year, which indicates a positive year over year growth rate of 2%. The business is expected to announce its next earnings report on Wednesday, February 21st.

On average, analysts expect that Cisco Systems will report full year sales of $11.81 billion for the current financial year, with estimates ranging from $48.01 billion to $48.99 billion. For the next financial year, analysts anticipate that the business will report sales of $49.61 billion per share, with estimates ranging from $48.37 billion to $51.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year.

CSCO has been the subject of several research reports. Oppenheimer reaffirmed a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a report on Friday, October 20th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Cisco Systems in a report on Tuesday, November 14th. ValuEngine raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Vetr raised Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 price objective for the company in a report on Wednesday, December 27th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $37.00 price objective on shares of Cisco Systems in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $37.93.

In related news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the transaction, the insider now directly owns 712,736 shares in the company, valued at $26,014,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the transaction, the senior vice president now owns 257,476 shares of the company’s stock, valued at $9,892,227.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 348,643 shares of company stock valued at $12,892,271. Insiders own 0.05% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Polianta Ltd purchased a new stake in Cisco Systems during the second quarter valued at about $1,017,000. Bath Savings Trust Co grew its position in Cisco Systems by 18.2% during the second quarter. Bath Savings Trust Co now owns 24,374 shares of the network equipment provider’s stock valued at $763,000 after acquiring an additional 3,755 shares during the period. McQueen Ball & Associates Inc. grew its position in Cisco Systems by 1.7% during the second quarter. McQueen Ball & Associates Inc. now owns 66,779 shares of the network equipment provider’s stock valued at $2,090,000 after acquiring an additional 1,085 shares during the period. First PREMIER Bank grew its position in Cisco Systems by 10.2% during the second quarter. First PREMIER Bank now owns 11,841 shares of the network equipment provider’s stock valued at $371,000 after acquiring an additional 1,093 shares during the period. Finally, West Oak Capital LLC grew its position in Cisco Systems by 5.8% during the second quarter. West Oak Capital LLC now owns 5,322 shares of the network equipment provider’s stock valued at $167,000 after acquiring an additional 294 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.

Cisco Systems (CSCO) traded up $0.77 during trading on Friday, hitting $40.87. The company had a trading volume of 23,770,515 shares, compared to its average volume of 20,490,000. The stock has a market capitalization of $202,050.00, a P/E ratio of 21.18, a PEG ratio of 3.57 and a beta of 1.19. Cisco Systems has a 12-month low of $29.80 and a 12-month high of $40.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

The business 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 $0.29 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.84%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

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

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