Cisco Systems (CSCO) Given Daily Coverage Optimism Rating of 2.18

News stories about Cisco Systems (NASDAQ:CSCO) have been trending positive recently, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cisco Systems earned a media sentiment score of 2.18 on their scale. InfoTrie also assigned news headlines about the network equipment provider an news buzz score of 5 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Cisco Systems’ ranking:

Shares of NASDAQ:CSCO opened at $47.29 on Friday. The firm has a market cap of $221.41 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.69 and a beta of 1.15. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42. Cisco Systems has a 52 week low of $37.35 and a 52 week high of $49.47.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $12.86 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. Cisco Systems’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. Equities analysts anticipate that Cisco Systems will post 2.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 23rd. Stockholders of record on Friday, January 4th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, January 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.79%. Cisco Systems’s dividend payout ratio (DPR) is presently 56.41%.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Argus reaffirmed a “buy” rating and set a $55.00 target price on shares of Cisco Systems in a research note on Tuesday, January 15th. Credit Suisse Group set a $44.00 target price on shares of Cisco Systems and gave the stock a “hold” rating in a research note on Wednesday, January 16th. Robert W. Baird reaffirmed an “outperform” rating and set a $53.00 target price on shares of Cisco Systems in a research note on Thursday, November 29th. Finally, KeyCorp boosted their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, November 15th. Eight research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $51.05.

In related news, EVP Mark D. Chandler sold 4,373 shares of the business’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $44.89, for a total value of $196,303.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Irving Tan sold 28,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $48.43, for a total transaction of $1,356,040.00. Following the completion of the transaction, the senior vice president now owns 188,853 shares in the company, valued at approximately $9,146,150.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 166,067 shares of company stock worth $7,804,662. 0.03% of the stock is owned by company insiders.

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Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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