Cisco beats on revenue and earnings but investors were not impressed

Postado Mai 17, 2018

The fund owned 259,134 shares of the network equipment provider's stock after selling 9,128 shares during the period.

Based on the latest 2017Q4 regulatory filing with the SEC, Michael Novogratz rose its holdings in Cisco Sys Inc (CSCO) by 12.89%.

Several institutional investors and hedge funds have recently bought and sold shares of CSCO. 734 funds increased or started new stock positions, while 711 trimmed and sold positions in Cisco Systems Inc so the sentiment has increased. Ameriprise Financial Inc. lifted its stake in shares of Cisco Systems by 23.6% during the third quarter. (NASDAQ:CSCO). Prentiss Smith And Communications invested 1.92% of its portfolio in Cisco Systems, Inc. Tarbox Family Office Inc. now owns 3,328 shares of the network equipment provider's stock worth $127,000 after acquiring an additional 1,346 shares in the last quarter. Certified Advisory Corp acquired a new stake in Cisco Systems in the 4th quarter worth about $116,000. Delphi Private Advisors LLC now owns 3,552 shares of the network equipment provider's stock worth $136,000 after acquiring an additional 2,681 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Cisco Systems by 1.7% during the fourth quarter.

CSCO is reaching $45.2 during the last trading session, after decreased 0.62%.Currently Cisco Systems, uptrending after 25.57% change in last May 16, 2017. The company had a trading volume of 31,146,190 shares, compared to its average volume of 27,168,168. The stock has a market capitalization of $220.16 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 3.26 and a beta of 1.14. Its predicted average true range is now set up at 0.94, while the estimated relative strength index here stands at.

The highest price CSCO stock touched in the last 12 month was $46.37 and the lowest price it hit in the same period was $30.36. The network equipment provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.59 by $0.04.

Cisco said it expects its fourth-quarter earnings, excluding one-time items, to be 68 cents to 70 cents a share, on revenue in a range of $12.62 billion to $12.86 billion.

Cisco Systems, Inc. (CSCO) has a Return on Assets of -1.1 percent, Return on Investment of 9.3 percent and a Return on Equity of -2.3 percent. This buyback authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Following the completion of the sale, the director now owns 74,479 shares in the company, valued at approximately $3,379,112.23. For perspective, analysts had forecasted it would bring in 65 cents per share. BidaskClub upgraded Cisco Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday, January 5th. Royal Bank of Canada restated a "buy" rating and set a $44.00 price objective on shares of Cisco Systems in a research report on Monday, February 12th. Macquarie assumed coverage on Cisco Systems in a research report on Monday, April 30th. They issued a "hold" rating and a $45.00 price target for the company. Goldman Sachs raised shares of Cisco Systems from a "buy" rating to a "conviction-buy" rating in a report on Friday, March 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company's stock.

Microsoft Corporation (MSFT) analysts on average have given a price target of $49.71 on MSFT stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In related news, Director Arun Sarin sold 14,189 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $45.50, for a total value of $940,530.50. The disclosure for this sale can be found here. Barclays analyst Mark Moskowitz told clients in a note a few months ago that Cisco could use cash it brought to the USA from overseas thanks to the USA tax act this year to "make a transformative acquisition related to security, data analytics or as-a-service, which we think investors would applaud".