November 24, 2016 - By Louis Casey · 0 Comments
Cisco Systems Inc (NASDAQ:CSCO) institutional sentiment is 1.09 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as only 721 institutional investors increased or started new holdings, while 661 sold and reduced their holdings in Cisco Systems Inc. The institutional investors in our partner’s database now have: 3.58 billion shares, down from 3.73 billion shares in 2016Q1. Also, the number of institutional investors holding Cisco Systems Inc in their top 10 holdings decreased from 142 to 141 for a decrease of 1. Sold All: 63 Reduced: 598 Increased: 652 New Position: 69.
Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The company has a market cap of $148.54 billion. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa , and Asia Pacific, Japan and China (APJC). It has a 14.18 P/E ratio. The Firm groups its products and technologies into various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products.
The stock decreased 0.60% or $0.18 on November 23, hitting $29.71. About 24.50M shares traded hands or 1.96% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 5.54% since April 22, 2016 and is uptrending. It has outperformed by 0.13% the S&P500.
Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on February, 15 after the close. They expect $0.50 EPS, down 5.66% or $0.03 from last year’s $0.53 per share. CSCO’s profit will be $2.50B for 14.86 P/E if the $0.50 EPS becomes a reality. After $0.55 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.
According to Zacks Investment Research, “Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco’s Internet Protocol-based networking solutions are the foundation of the Internet and most corporate, education, and government networks around the world. Cisco provides the broadest line of solutions for transporting data, voice and video within buildings, across campuses, or around the world.”
Tweedy Browne Co Llc holds 10.9% of its portfolio in Cisco Systems, Inc. for 13.54 million shares. Edinburgh Partners Ltd owns 2.05 million shares or 8.94% of their US portfolio. Moreover, Jupiter Asset Management Ltd has 7.52% invested in the company for 6.86 million shares. The Minnesota-based Minneapolis Portfolio Management Group Llc has invested 6.97% in the stock. Athena Global Investors Llc, a Virginia-based fund reported 154,115 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 16 insider sales for $34.71 million net activity.
Ratings analysis reveals 60% of Cisco Systems Inc.’s analysts are positive. Out of 30 Wall Street analysts rating Cisco Systems Inc., 18 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $16 while the high is $160. The stock’s average target of $37 is 24.54% above today’s ($29.71) share price. CSCO was included in 64 notes of analysts from August 4, 2015. Morgan Stanley maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 18. Morgan Stanley has “Equal-Weight” rating and $30 price target. Macquarie Research upgraded Cisco Systems, Inc. (NASDAQ:CSCO) rating on Monday, February 8. Macquarie Research has “Neutral” rating and $26 price target. The rating was maintained by Barclays Capital with “Overweight” on Thursday, August 18. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Mixed” rating by OTR Global on Monday, October 31. The rating was maintained by Barclays Capital with “Overweight” on Monday, August 15. The firm has “Market Perform” rating by JMP Securities given on Thursday, August 18. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Neutral” rating given on Wednesday, April 6 by JP Morgan. As per Thursday, August 18, the company rating was maintained by Piperjaffray. The stock has “Buy” rating given by UBS on Thursday, June 16. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Friday, August 19 by Argus Research.
Cisco Systems, Inc. (Cisco), incorporated on December 10, 1984, creates and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Firm operates through three geographic divisions: Americas; Europe, the Middle East, and Africa (EMEA), and Asia Pacific, Japan and China (APJC). The Firm groups its products and technologies into the various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products. In addition to its product offerings, the Company provides a range of service offerings, including technical support services and advanced services. The Firm delivers its technology and services to its clients as solutions for their priorities, including cloud, video, mobility, security, collaboration and analytics. The Firm helps its clients build networks and automate, orchestrate, integrate and digitize information technology (IT) services and products. It serves customers, including businesses of all sizes, public institutions, governments and service providers.
More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Profitconfidential.com which released: “Cisco Systems, Inc.: This Trigger Could Send CSCO Stock Soaring” on November 19, 2016, also Fool.com with their article: “Better Buy: Cisco Systems Inc. or Oracle Corporation?” published on October 26, 2016, Investorplace.com published: “2 Post-Trump Trades for Cisco Systems, Inc. (CSCO) Earnings” on November 15, 2016. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Investorplace.com and their article: “Why Cisco Systems, Inc. (CSCO), Wal-Mart Stores, Inc. (WMT) and Regeneron …” published on November 17, 2016 as well as Profitconfidential.com‘s news article titled: “Cisco Systems, Inc.: CSCO Stock Is Setting up to Test Price Support” with publication date: November 06, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Louis Casey