The Technical Condition Changes for Cisco Systems, Inc. (CSCO)

Big Money Sentiment Indicator of Cisco Systems Inc (NASDAQ:CSCO) Improves in 2017 Q4 to 1.03

Big Money Sentiment Indicator of Cisco Systems Inc (NASDAQ:CSCO) Improves in 2017 Q4 to 1.03

Barclays analyst Mark Moskowitz told clients in a note a few months ago that Cisco could use cash it brought to the USA from overseas thanks to the USA tax act this year to "make a transformative acquisition related to security, data analytics or as-a-service, which we think investors would applaud". That indicates sales of $12.6 billion to $12.9 billion, compared with an average analyst prediction of $12.7 billion. Cisco Systems reported sales of $11.94 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. (NASDAQ:CSCO). Canal Ins Communications stated it has 1.6% of its capital in Cisco Systems, Inc. That compares with average analyst projections for profit of 65 cents a share on revenue of $12.4 billion, according to data compiled by Bloomberg. Cisco forecast fiscal Q4 profit of 69 cents a share, in-line with estimates.

Several other large investors have also modified their holdings of CSCO. Ten analysts have issued estimates for Cisco Systems' earnings.

Among 39 analysts covering Cisco Systems Inc. Over the last three months, insiders sold 46,986 shares of company stock valued at $2,116,422. Excluding certain items, profit was 66 cents a share. The new company will become a part of Cisco's Collaboration Technology Group (CTG) and is known for its AI capabilities related to machine learning features that automate search, creation, and update the profiles of corporate executives. On Thursday, March 22 the stock has "Hold" rating by BMO Capital Markets. Zacks Investment Research upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Wednesday, January 31st. They set an "outperform" rating for the company.


Piper Jaffray analysts recently suggested that Cisco might benefit in competition especially against VMware Inc.by buying so-called hyperconverged system and software provider Nutanix Inc. The new box, part of a range that connects computers together into networks, also includes a software subscription, helping Cisco to pull in more revenue even after selling it, according to Raymond James & Co. analyst Simon Leopold. Cisco Systems has a 1-year low of $30.36 and a 1-year high of $46.16. The company has a current ratio of 2.43, a quick ratio of 2.38 and a debt-to-equity ratio of 0.49.

Cisco Systems announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 14th that permits the company to buyback $25.00 billion in outstanding shares. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued. The stock was sold at an average price of $44.10, for a total transaction of $625,734.90. The company has a market capitalization of $219.10 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 3.25 and a beta of 1.14. The sale was disclosed in a filing with the SEC, which is available through this link. 734 funds increased or started new stock positions, while 711 trimmed and sold positions in Cisco Systems Inc so the sentiment has increased. The stock was sold at an average price of $45.50, for a total value of $940,530.50. The disclosure for this sale can be found here. Insiders own 0.05% of the company's stock.

Want to see what other hedge funds are holding CSCO? Vanguard Group Inc. boosted its stake in Cisco Systems by 2.2% in the second quarter. Mizuho Securities USA LLC now owns 18,506 shares of the network equipment provider's stock worth $709,000 after buying an additional 3,199 shares during the period. Bank of New York Mellon Corp now owns 122,958,272 shares of the network equipment provider's stock valued at $4,709,302,000 after acquiring an additional 13,927,416 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Cisco Systems by 23.6% in the third quarter. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider's stock valued at $1,639,089,000 after acquiring an additional 2,987,682 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Cisco Systems by 1.7% during the fourth quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider's stock worth $273,977,000 after purchasing an additional 8,016,561 shares during the last quarter. Partnervest Advisory Services LLC boosted its holdings in Cisco Systems by 7.2% during the fourth quarter. The institutional investor bought 18,401 shares of the network equipment provider's stock, valued at approximately $705,000.

Recommended News

  • Starbucks to Open 2700 More Stores in China Within 5 Years

    Starbucks to Open 2700 More Stores in China Within 5 Years

    Starbucks also said it expects to more than double its operating income in China over the next 5 years, relative to 2017. Starbucks will open stores in 100 new cities as well, to reach 230 cities across mainland China.
    Parents charged after police find 10 children living in faeces, garbage

    Parents charged after police find 10 children living in faeces, garbage

    Hurlbut said the investigation revealed a "long and continuous history of severe physical and emotional abuse of the children". Peggy Allen, the mother of Jonathan Allen, said she had talked to Rogers about the importance of keeping a clean house.
    'Pretty Little Liars' spinoff 'The Perfectionists' gets series order at Freeform

    'Pretty Little Liars' spinoff 'The Perfectionists' gets series order at Freeform

    The series will also star Sofia Carson , Sydney Park , Eli Brown , Graeme Thomas King, Kelly Rutherford , and Hayley Erin . The pilot was directed and executive produced by Elizabeth Allen Rosenbaum ( Relationship Status ).
  • SC collegium defers reiteration of Justice Joseph's elevation to top court

    SC collegium defers reiteration of Justice Joseph's elevation to top court

    Legal experts asked why the collegium, having "unanimously agreed" to reiterate his name, should wait till the others are picked. Meanwhile, the Supreme Court website crashed yesterday as well, so the Collegium decision could not be uploaded in the evening.
    Omo-Agege resumes Senate plenary

    Omo-Agege resumes Senate plenary

    Omo-Agege and nine other senators had said that the bill was targeted at President Muhammadu Buhari . I hereby dismiss the application for lack of merit", the court held.
    Big Update On The WWE RAW & SmackDown TV Deals

    Big Update On The WWE RAW & SmackDown TV Deals

    NBCU took over the rights for SmackDown in 2010, and started airing the show on SyFy before moving it to USA Network in 2016. According to The Hollywood Reporter's Matthew Belloni , we could see RAW and Smackdown on separate networks in the future.
  • Thomas Markle: Meghan's father pulls out of royal wedding

    Thomas Markle: Meghan's father pulls out of royal wedding

    She told Good Morning Britain that he had health issues, and had been experiencing chest pains and suffered a heart attack. At the other end of the journey will be Meghan, eagerly awaiting her mother's arrival after two days of personal turmoil.
    Adnan Syed Case Gets Documentary Treatment From HBO, Sky

    Adnan Syed Case Gets Documentary Treatment From HBO, Sky

    The new series will reportedly include "new discoveries, as well as groundbreaking revelations that challenge the state's case". The case was brought to global attention by the hugely popular Serial podcast.
    Justin Thomas is the new world number one

    Justin Thomas is the new world number one

    With his finish, Thomas moves past Dustin Johnson into the No. 1 world ranking, ending Johnson's 15-month reign in the top spot. Webb Simpson could afford the luxury of making a double bogey at the 72nd hole to win The Players Championship by four strokes.
  • Nunes post fight press conference comments about Pennington's corner weren't good

    Nunes post fight press conference comments about Pennington's corner weren't good

    So, stop judging from the outside, because you'll never understand what goes on unless you're in our shoes and in our position". She had clearly lost the first four rounds of the title fight to Nunes, and it appeared she might have broken her nose.
    Cyclists honor fallen bikers during Ride of Silence

    Cyclists honor fallen bikers during Ride of Silence

    The ride, held during National Bike Month, is expected to take place across more than 300 different locations and 20 countries. The ride provides participants with an opportunity to show respect for and honor the lives of those who were killed or injured.
    Cent Gets Down with John Travolta 'Just a Lil Bit' in Cannes

    Cent Gets Down with John Travolta 'Just a Lil Bit' in Cannes

    Travolta tried his best to boogie down, but disco doesn't exactly translate to hip-hop. Gotti director Kevin Connolly, of Entourage fame, also danced to 50 Cent .

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.