Cisco Systems, Inc. (NASDAQ:CSCO) – Analysts at Piper Jaffray Companies lifted their Q4 2020 EPS estimates for Cisco Systems in a research report issued on Monday, November 11th. Piper Jaffray Companies analyst J. Fish now anticipates that the network equipment provider will post earnings of $0.76 per share for the quarter, up from their prior estimate of $0.75. Piper Jaffray Companies has a “Neutral” rating and a $51.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Cisco Systems’ Q1 2021 earnings at $0.74 EPS, Q4 2021 earnings at $0.77 EPS and Q1 2022 earnings at $0.77 EPS.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The company had revenue of $13.16 billion during the quarter, compared to analysts’ expectations of $13.09 billion. During the same period last year, the business posted $0.75 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year.

CSCO has been the subject of a number of other reports. Royal Bank of Canada set a $56.00 price target on Cisco Systems and gave the company a “buy” rating in a research note on Wednesday. Goldman Sachs Group cut Cisco Systems from a “buy” rating to a “neutral” rating and decreased their price target for the company from $56.00 to $48.00 in a research note on Thursday, October 10th. Evercore ISI initiated coverage on Cisco Systems in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $60.00 price target for the company. JPMorgan Chase & Co. set a $62.00 price target on Cisco Systems and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Nomura increased their price target on Cisco Systems from $50.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Cisco Systems currently has an average rating of “Buy” and an average target price of $55.76.

Cisco Systems stock opened at $48.46 on Tuesday. The stock has a 50-day moving average of $47.49 and a two-hundred day moving average of $51.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51. Cisco Systems has a one year low of $40.25 and a one year high of $58.26. The stock has a market cap of $207.23 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.28.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Thursday, October 3rd. Cisco Systems’s payout ratio is 49.12%.

In other news, CEO Charles Robbins sold 18,955 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $50.04, for a total value of $948,508.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Goeckeler sold 70,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $49.22, for a total value of $3,445,400.00. Following the completion of the transaction, the executive vice president now owns 429,398 shares of the company’s stock, valued at $21,134,969.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,130 shares of company stock valued at $9,359,179. Company insiders own 0.03% of the company’s stock.

Several large investors have recently made changes to their positions in the company. MUFG Americas Holdings Corp grew its holdings in Cisco Systems by 1.9% during the third quarter. MUFG Americas Holdings Corp now owns 882,995 shares of the network equipment provider’s stock worth $43,628,000 after acquiring an additional 16,263 shares during the period. Valmark Advisers Inc. grew its holdings in Cisco Systems by 40.0% during the third quarter. Valmark Advisers Inc. now owns 9,729 shares of the network equipment provider’s stock worth $481,000 after acquiring an additional 2,780 shares during the period. Cetera Investment Advisers grew its holdings in Cisco Systems by 5.1% during the third quarter. Cetera Investment Advisers now owns 42,844 shares of the network equipment provider’s stock worth $2,106,000 after acquiring an additional 2,078 shares during the period. WT Wealth Management acquired a new stake in Cisco Systems during the third quarter worth about $332,000. Finally, CNA Financial Corp grew its holdings in Cisco Systems by 10.5% during the third quarter. CNA Financial Corp now owns 158,300 shares of the network equipment provider’s stock worth $7,822,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 73.79% 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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