News coverage about Cisco Systems (NASDAQ:CSCO) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cisco Systems earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the network equipment provider an impact score of 47.3101748907934 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
Get Cisco Systems alerts: Cisco Systems, Inc. (CSCO) Expected to Post Earnings of $0.69 Per Share (americanbankingnews.com) Cisco Buyout Prompts Entrepreneur to Help Others (barrons.com) How Cisco plans to use newly repatriated cash (finance.yahoo.com) Cisco chairman: We block 20 billion cyber security threats a day (finance.yahoo.com) Global Enterprise Media Gateways Market Analysis 2018 �� Cisco Systems Inc., Avaya Inc. and Ribbon Communications (exclusivereportage.com)NASDAQ:CSCO traded down $0.31 on Friday, reaching $43.26. 15,362,007 shares of the company’s stock were exchanged, compared to its average volume of 22,309,494. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.34 and a quick ratio of 2.28. The firm has a market capitalization of $208.41 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 3.09 and a beta of 1.14. Cisco Systems has a 52-week low of $30.36 and a 52-week high of $46.37.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 16th. The network equipment provider reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. Cisco Systems had a positive return on equity of 19.48% and a negative net margin of 2.61%. The business had revenue of $12.46 billion during the quarter, compared to the consensus estimate of $12.42 billion. During the same period in the previous year, the company posted $0.60 earnings per share. analysts expect that Cisco Systems will post 2.34 EPS for the current fiscal year.
Cisco Systems declared that its Board of Directors has approved a share buyback program on Wednesday, February 14th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. BidaskClub lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 19th. Argus lifted their target price on shares of Cisco Systems to $55.00 and gave the company a “buy” rating in a report on Friday, May 18th. JPMorgan Chase & Co. set a $58.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research note on Thursday, May 17th. Finally, Credit Suisse Group set a $41.00 target price on shares of Cisco Systems and gave the stock a “hold” rating in a research note on Thursday, May 17th. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.11.
In related news, EVP David Goeckeler sold 20,671 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $45.50, for a total value of $940,530.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director M Michele Burns sold 12,126 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $45.37, for a total value of $550,156.62. Following the completion of the transaction, the director now directly owns 74,479 shares of the company’s stock, valued at $3,379,112.23. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.
Cisco Systems Company Profile
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
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