Cisco Systems, Inc. (CSCO) Drops Amid Weaker Than Expected Guidance

Cisco Systems, Inc. (CSCO) Drops Amid Weaker Than Expected Guidance

Cisco Systems, Inc. (CSCO) Drops Amid Weaker Than Expected Guidance

In fact, Robbins and his CFO Kelly Kramer deployed the word "solid" no less than seven times during their overview of the results which showed revenue rising from $11.9bn to $12.5bn year on year and net income swelling seven per cent to $2.7bn. Analysts were predicting 69 cents on revenue of $12.72 billion.

Revenue in the current period will rise 4 percent to 6 percent from a year earlier, the San Jose, California-based company said Wednesday in a statement. The Higher end of the revenue forecast is $11.93 Billion, while the Lower end of the forecast is $11.7 Billion. For the next fiscal year, analysts forecast that the business will post sales of $50.58 billion per share, with estimates ranging from $49.90 billion to $51.41 billion. Goldman Sachs upgraded Cisco Systems, Inc.

"Like other old smoke stack tech companies - MSFT, INTC, ORCL - this has been a somewhat of a slow process", said Dan Morgan, portfolio manager at Synovus Trust Company, who owns 362,980 shares of Cisco. The same period of past year reportedly had EPS of $0.60 and $11.94 billion in revenue. That indicates sales of $12.6 billion to $12.9 billion, compared with an average analyst prediction of $12.7 billion. The Return on Equity ratio of Cisco Systems, Inc. During the same quarter in the previous year, the business earned $0.57 EPS. Drexel Hamilton maintained the shares of CSCO in report on Tuesday, August 15 with "Buy" rating. Moreover, Yacktman Asset Management Lp reported 19.70 million shares in Cisco Systems Inc equivalent to 7.27% of its USA long stock exposure. Cisco Systems Inc. had 161 analyst reports since August 4, 2015 according to SRatingsIntel. On Friday, November 17 Argus Research maintained the shares of CSCO in report with "Buy" rating. They set a "hold" rating and a $45.00 price objective on the stock. The stock was sold at an average price of $45.37, for a total transaction of $550,156.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. On Tuesday, February 20 $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $940,559 were sold by Goeckeler David.

As of May, 17 Walmart Inc. (WMT) EPS Estimated At $1.13
On Friday, November 17 the stock of Walmart Inc. (NYSE:WMT) has 34 ratings reports on 16 May 2018 according to StockzIntelligence. The Pennsylvania-based Lehman Fincl Resources has invested 0.12% in Walmart Inc. (NYSE:WMT). 150,645 are held by Salient Lta.

Invesco Ltd, which manages about $277.31 billion US Long portfolio, upped its stake in Allison Transmission Hldgs I (NYSE:ALSN) by 111,613 shares to 842,100 shares, valued at $36.27 million in 2017Q4, according to the filing. The disclosure for this sale can be found here. Insiders sold 46,986 shares of company stock worth $2,116,422 in the last 90 days. Northern Cap Ltd Liability Co has invested 0.4% in Cisco Systems, Inc.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSCO.

Cisco Systems (NASDAQ:CSCO) has slipped 3.2% after logging fiscal Q3 earnings that beat profit expectations and featured in-line guidance for the current quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider's stock valued at $11,021,378,000 after acquiring an additional 7,411,891 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new position in Cisco Systems in the 4th quarter worth approximately $705,000. The firm set a "neutral" rating and a $41.00 price target on the network equipment provider's stock. It turns out investors were expecting better performance, and thus the slight decline in the performance of the stock. Finally, Certified Advisory Corp bought a new stake in Cisco Systems during the 4th quarter worth approximately $116,000.

Oil dips on signs of ample supply despite OPEC cuts, Iran sanctions
Ample supplies in the market and potential production increases by USA and European oil giants helped ease recent price hikes. Venezuela's production is plummeting, and output is 550,000 bpd below it's agreed upon target as part of the OPEC deal.

CSCO is hitting $45.2 during the last trading session, after decreased 0.62%.Cisco Systems, Inc. has volume of 15.55M shares. About 72,918 shares traded or 31.06% up from the average. The firm has a market cap of $219.10 billion, a PE ratio of 21.00, a P/E/G ratio of 3.25 and a beta of 1.14. Currently, this company's debt-to-equity ratio is 0.76, its quick ratio is 2.40, its current ratio is 2.40. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $46.16.

Since the start of 2018, Cisco has seen its stock increase 17%. The ex-dividend date of this dividend was Wednesday, April 4th. On Thursday, February 15 Robert W. Baird maintained the shares of CSCO in report with "Buy" rating.

Cisco Systems declared that its Board of Directors has approved a share repurchase program on Wednesday, February 14th that allows the company to repurchase $25.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to purchase shares of its stock through open market purchases.

Bills retiring Thurman Thomas' No. 34
The Bills' game against the Patriots on October 29 is the Monday night game on ESPN and is scheduled for an 8:15 p.m. Kelly credited Thomas for his versatility in helping the Bills advance to four consecutive Super Bowl appearances.

Three of Cisco's four product categories surpassed estimates, though. The firm 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 it has negative earnings.

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