Cisco Systems (NASDAQ:CSCO) will be issuing its quarterly earnings data after the market closes on Tuesday, February 9th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Cisco Systems has set its Q2 2021
After-Hours guidance at 0.74-0.76 EPS and its Q2 guidance at $0.74-0.76 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Thursday, November 12th. The network equipment provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.06. The firm had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $11.85 billion. Cisco Systems had a net margin of 21.76% and a return on equity of 32.64%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. On average, analysts expect Cisco Systems to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ:CSCO opened at $45.40 on Tuesday. The stock has a market capitalization of $191.84 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.54 and a beta of 0.95. Cisco Systems has a 1-year low of $32.40 and a 1-year high of $50.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.54 and a current ratio of 1.59. The company has a 50 day moving average price of $44.92 and a 200 day moving average price of $42.50.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 20th. Investors of record on Tuesday, January 5th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Monday, January 4th. Cisco Systems’s payout ratio is 49.32%.
A number of research firms recently commented on CSCO. JPMorgan Chase & Co. raised their price objective on shares of Cisco Systems from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, January 25th. Citigroup lowered shares of Cisco Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $48.00 to $43.00 in a research note on Monday, October 12th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Cisco Systems in a research note on Friday, November 13th. Smith Barney Citigroup raised their price objective on shares of Cisco Systems from $43.00 to $45.00 in a research note on Friday, November 13th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on shares of Cisco Systems from $43.00 to $45.00 in a research note on Friday, November 13th. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.43.
In other news, CEO Charles Robbins sold 242,774 shares of the firm’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $41.04, for a total transaction of $9,963,444.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maria Martinez sold 4,000 shares of the firm’s stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $45.00, for a total transaction of $180,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 371,384 shares of company stock worth $15,429,225 in the last 90 days. 0.02% of the stock is owned by insiders.
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 in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.
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