Cisco's Trifecta: $25 Billion Buyback, Beats On Earnings, Outlook
- Author: Eleanor Harrison Mar 05, 2018,
Mar 05, 2018, 10:52
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Cisco Systems in the second quarter worth $231,000.
WINTON GROUP Ltd decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) has "Hold" rating given on Thursday, August 17 by BMO Capital Markets. Price T Rowe Assoc Md owns 8,788 shares. Investors of record on Thursday, April 5th will be paid a $0.33 dividend. Torch Wealth Mngmt Llc holds 0.18% in Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Fool.com which released: "Cisco Systems, Inc". Bb&T Corporation reported 1.34M shares. Hayek Kallen Invest Mgmt holds 9,081 shares. Private Harbour Mgmt & Counsel Lc holds 1.85% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Wealthtrust has 0.1% invested in Cisco Systems, Inc. Beyond just the revenue numbers, analysts on Wednesday will want to see a continued positive trend in recurring revenue. Estabrook Management has invested 2.29% in Cisco Systems, Inc. Insiders own 0.05% of the company's stock. Capital Guardian reported 0% in Cisco Systems, Inc. (NYSE:DSX) on Tuesday, August 2 with "Neutral" rating. The insider CHANDLER MARK D sold $2.11 million. Washington-based Garde has invested 0.08% in Cisco Systems, Inc. (NASDAQ:CSCO) is becoming by market cap, the stock is still roughly half where it was before the dotcom bubble crashed in the year 2000. Citigroup maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 18. (NASDAQ:CSCO) shares were sold by Walker Karen. The stock increased 1.12% or $0.009 during the last trading session, reaching $0.81. About 53.84 million shares traded or 109.81% up from the average. It has underperformed by 3.50% the S&P500. (NASDAQ:CSII). Cubist Systematic Strategies Ltd Company holds 0.01% or 4,661 shares. "(NASDAQ:CSCO)" was reported by Week Herald and is the property of of Week Herald.
The company expects that to boost its third-quarter numbers and is forecasting for adjusted earnings of between 64 and 66 cents per shares - slightly ahead of average analyst estimate of 63 cents.
Product revenue jumped 2.6% year over year to $8.7 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. analysts predict that Cisco Systems, Inc. will post 2.23 EPS for the current year. Piperjaffray maintained Cisco Systems, Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Analysts are expecting the Cisco Systems earnings report to show non-GAAP earnings of 59 cents per share on $11.8 billion in revenue. Piper Jaffray maintained it with "Buy" rating and $36.0 target in Wednesday, August 16 report. (NASDAQ:CSCO) has "Buy" rating given on Thursday, February 15 by Robert W. Baird. "While the company has clear challenges given secular headwinds in its traditional sweet spot of switching/routing, we believe Cisco is slowly putting together newer growth engines (e.g. security, SaaS model, Cisco ONE, cloud initiatives) to help lay the groundwork for a stronger bookings growth trajectory in FY18/FY19", the analyst continued. On Thursday, June 29 the stock rating was maintained by Robert W. Baird with "Buy". FBR Capital maintained Rogers Corporation (NYSE:ROG) on Friday, December 15 with "Buy" rating. The rating was initiated by Barclays Capital with "Overweight" on Wednesday, October 14. TIAA CREF Investment Management LLC raised its stake in Cisco Systems by 11.6% in the second quarter. It also said it will buy back an additional $25 billion in shares, bringing the total buyback amount to $31 billion over the next 18 to 24 months.
Today, William Blair reiterated its Outperform rating on Cisco Systems (NASDAQ:CSCO). Before Earnings" with publication date: "February 13, 2018.
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. Steel Partners Holdings Lp who had been investing in Hugoton Rty Tr Tex for a number of months, seems to be bullish on the $32.40M market cap company. It has a 22.96 P/E ratio. It announced a 14 percent increase in its quarterly dividend to 33 cents a share.