Finance

Cisco Systems Inc Reported Higher Revenue

Cisco Systems Inc Reported Higher Revenue”

One quarter earlier, revenue for the stock was at $12.64 billion, with earnings at $0.63/share.

Growth Estimate for Cisco Systems, Inc. The share price is now -1.57 percent versus its SMA20, -3.92 percent versus its SMA50, and -4.85 percent versus its SMA200.

These analysts also forecasted Growth Estimates for the Current Quarter for CSCO to be -1.8%. The stock now shows its YTD (Year to Date) performance of 6.7 percent while its Weekly performance value is 2.14%. On average, analysts expect that Cisco Systems will post $2.37 earnings per share for the current fiscal year. (NASDAQ:CSCO) by 1.3% during the third quarter, Holdings Channel reports. 25 analysts projected on average Earnings. While some analysts have a High Price target for the stock of $38 and a Low Price Target of $25. Oppenheimer Holdings, Inc. set a $34.00 target price on shares of Cisco Systems and gave the company a "buy" rating in a research note on Wednesday, November 2nd. OTR Global Downgrades the stock to Mixed on 10/31/16 with no specific Price Target. The business earned $11.60 billion during the quarter, compared to analysts' expectations of $11.55 billion.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The Relative Volume value measured for Cisco Systems, Inc. This prices the company at $26 per share, a bit higher than the $12 - $14 per share the company sought.

Cisco Systems, Inc. has 1 year price target of $33.26. (CSCO) now trades with a market capitalization of $164.70 Billion.

Russian Federation violates Cold War treaty with cruise missile test
Two Russian battalions now have the cruise missiles, according to the New York Times , which first reported the story on Tuesday. The deployment of the missile violates the 1987 Intermediate-Range Nuclear Forces ( INF ) Treaty, as reported by The Hill .

Abe, Trump show unity in condemning North Korea missile test
North Korea launched a new type of missile into the Sea of Japan which they boast is capable of carrying a nuclear warhead. The UN Security Council has imposed six sets of sanctions since North Korea's first nuclear test in 2006.

Braves to acquire 3-time All-Star second baseman Brandon Phillip
The 35-year-old second baseman was drafted in the second round of the 1999 Major League Baseball draft by the Montreal Expos. The Atlanta Braves have officially added Brandon Phillips to their roster and will have an improved lineup because of it.

Twitter, Inc. (TWTR) recently recorded 1.33 percent change and now at $16.74 is 21.92 percent away from its 52-week low and down -33.7 percent versus its peak. The stock has a 50 day moving average price of $30.74 and a 200 day moving average price of $30.77. The stock carved out a 52-week low down at $24.32.

In terms of customer segments enterprise inched up 1%, commercial grew 3%, public sector declined 6% and service provider dipped 1%.

At the moment 35 analysts are watching Cisco Systems, Inc. These holdings make up 80.36% of the company's outstanding shares. (NASDAQ:ACAD) as "STRONG BUY", 6 rated as "BUY" and 4 issued a "HOLD" rating. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Long has a 16.5% average return when recommending CSCO, and is ranked #451 out of 4453 analysts. The stock is performing 7.83% year to date. Bank of New York Mellon Corp now owns 123,367,471 shares of the network equipment provider's stock valued at $3,913,216,000 after buying an additional 10,435,264 shares in the last quarter. For the past month, Cisco Systems, Inc.'s stock has been 9.44%, 5.52% for the last quarter, 7.25% for the past six months and 28.45% for the past 52 weeks. The stock was trading on above-average volume.

The company shows its Return on Assets (ROA) value of 8.9%.

CSCO has declared a quarterly dividend of $0.29 per common share, which is a three-cent increase over the previous quarter's dividend, to be paid on April 26th, 2017 to all shareholders of record as of the close of business on April 6, 2017. Non-GAAP earnings are anticipated to be in the range 57-59 cents per share.



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