Cisco Systems (CSCO) Scheduled to Post Quarterly Earnings on Wednesday

Cisco Systems (NASDAQ:CSCO - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 13th. Analysts expect Cisco Systems to post earnings of $0.87 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm's revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 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.

Cisco Systems Stock Performance

NASDAQ:CSCO traded up $1.71 on Wednesday, hitting $57.87. The company's stock had a trading volume of 20,501,519 shares, compared to its average volume of 18,985,916. Cisco Systems has a one year low of $44.50 and a one year high of $58.08. The firm has a market capitalization of $230.94 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 4.60 and a beta of 0.83. The stock has a fifty day moving average of $53.00 and a two-hundred day moving average of $49.27. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cisco Systems's dividend payout ratio is 62.99%.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 27,143 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the sale, the chief executive officer now owns 683,403 shares of the company's stock, valued at approximately $33,794,278.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Maria Victoria Wong sold 3,379 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the sale, the senior vice president now directly owns 47,182 shares of the company's stock, valued at approximately $2,376,085.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 27,143 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the sale, the chief executive officer now directly owns 683,403 shares in the company, valued at $33,794,278.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock valued at $3,509,049 over the last three months. 0.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CSCO shares. Jefferies Financial Group decreased their price target on Cisco Systems from $56.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Evercore ISI increased their price target on Cisco Systems from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, September 20th. Needham & Company LLC restated a "hold" rating on shares of Cisco Systems in a report on Thursday, August 15th. New Street Research raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and set a $57.00 target price for the company in a research report on Thursday, August 15th. Finally, HSBC raised Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the stock from $46.00 to $58.00 in a research note on Friday, August 16th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of "Hold" and a consensus price target of $56.74.

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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.