Cisco Systems, Inc. Expected to Post Q3 2018 Earnings of $0.60 Per Share (CSCO)

Cisco Systems, Inc. (NASDAQ:CSCO) – Analysts at Oppenheimer raised their Q3 2018 earnings estimates for Cisco Systems in a research report issued to clients and investors on Wednesday. Oppenheimer analyst I. Kidron now expects that the network equipment provider will post earnings per share of $0.60 for the quarter, up from their prior forecast of $0.55. Oppenheimer has a “Outperform” rating and a $50.00 price target on the stock. Oppenheimer also issued estimates for Cisco Systems’ Q4 2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.64 EPS and Q4 2019 earnings at $0.67 EPS.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The firm had revenue of $11.89 billion for the quarter, compared to analyst estimates of $11.82 billion. Cisco Systems had a negative net margin of 3.00% and a positive return on equity of 17.77%. During the same quarter in the prior year, the firm earned $0.57 EPS.

CSCO has been the topic of a number of other research reports. Wells Fargo & Co reissued an “outperform” rating and issued a $42.00 price target on shares of Cisco Systems in a report on Tuesday, November 14th. Zacks Investment Research raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, January 17th. Vetr raised shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 price target on the stock in a report on Wednesday, December 27th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Tuesday, October 24th. Finally, Royal Bank of Canada increased their price target on shares of Cisco Systems to $40.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Twelve investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and an average price target of $43.57.

Cisco Systems (NASDAQ:CSCO) opened at $44.38 on Monday. The company has a market cap of $219,150.00, a price-to-earnings ratio of -138.69, a PEG ratio of 3.29 and a beta of 1.23. Cisco Systems has a twelve month low of $30.36 and a twelve month high of $45.13. The company has a quick ratio of 2.38, a current ratio of 2.43 and a debt-to-equity ratio of 0.49.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 4th. This represents a $1.32 annualized dividend and a yield of 2.97%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29. Cisco Systems’s dividend payout ratio is presently -362.50%.

Cisco Systems declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 14th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the network equipment provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the sale, the chief accounting officer now directly owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock valued at $12,892,271 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Cisco Systems in the 2nd quarter worth about $231,000. IFG Advisory LLC purchased a new stake in shares of Cisco Systems in the 4th quarter worth about $2,375,000. Stonehearth Capital Management LLC purchased a new stake in shares of Cisco Systems in the 4th quarter worth about $102,000. Keeler Thomas Management LLC purchased a new stake in shares of Cisco Systems in the 4th quarter worth about $108,000. Finally, Goodman Financial Corp bought a new position in shares of Cisco Systems in the 4th quarter worth about $115,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

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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).

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

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