News stories about Cisco Systems (NASDAQ:CSCO) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cisco Systems earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the network equipment provider an impact score of 47.7117553006233 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Cisco Systems, Inc. (CSCO) – Unusual Volume Spotlight – Wall Street Morning (wallstreetmorning.com)
- Cisco (CSCO) Up 2.8% Since Earnings Report: Can It Continue? (finance.yahoo.com)
- Logitech (LOGI) Expands High-Performance Gear Portfolio (finance.yahoo.com)
- Verizon Completes Successful Test of Cisco’s Hybrid Information-Centric Networking in its Network (finance.yahoo.com)
- Citigroup Increases Cisco Systems (CSCO) Price Target to $52.00 (americanbankingnews.com)
Shares of Cisco Systems (CSCO) traded down $0.32 during trading hours on Friday, reaching $45.01. 56,127,580 shares of the company traded hands, compared to its average volume of 29,224,947. Cisco Systems has a 12-month low of $30.36 and a 12-month high of $46.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38. The firm has a market cap of $217,730.00, a price-to-earnings ratio of -140.66, a P/E/G ratio of 3.04 and a beta of 1.10.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Cisco Systems had a negative net margin of 3.00% and a positive return on equity of 17.77%. The firm had revenue of $11.89 billion for the quarter, compared to analyst estimates of $11.82 billion. During the same period last year, the business earned $0.57 EPS. research analysts anticipate that Cisco Systems will post 2.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 4th. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a yield of 2.93%. Cisco Systems’s payout ratio is currently -362.50%.
Cisco Systems declared that its board has approved a share repurchase plan on Wednesday, February 14th that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
CSCO has been the subject of several recent analyst reports. Argus lifted their price objective on shares of Cisco Systems from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Cowen reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Robert W. Baird reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Thursday, November 16th. UBS reaffirmed a “buy” rating and set a $39.00 price objective on shares of Cisco Systems in a research report on Thursday, November 16th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Cisco Systems in a research report on Thursday, November 16th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $44.22.
In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems 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 transaction, the senior vice president now directly owns 257,476 shares in the company, valued at $9,892,227.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Goeckeler sold 20,671 shares of Cisco Systems stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $45.50, for a total transaction of $940,530.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,007 shares of company stock worth $4,998,729. 0.05% of the stock is currently owned by company insiders.
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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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