Cisco: Not Everyone Believes 'Macro' Is What's Holding Them Back

Cisco CEO talks up prospects after outlook warning slams the stock

Whether or not the company meets or beats this expectation, along with other factors, can often dictate where the share price might be headed in the near-term. As far as the returns are concern, the return on equity was recorded as 17.40% and return on investment was 11.40% while its return on asset stayed at 9.20%.

Cisco Systems gapped open sharply lower Thursday, but moved in a narrow range throughout the session.

Earnings per share (ttm) for Cisco Systems, Inc. (NASDAQ:CSCO) Networking & Communication Devices is valued at 151714.86.

Cisco Systems also offered up a soft fiscal second quarter outlook that clearly left investors of CSCO stock on edge. Blume Capital Management Inc. raised its position in shares of Cisco Systems by 0.4% in the third quarter.

Goldman is following shares of Cisco Systems, Inc.

Over the last 52 weeks Cisco Systems, Inc.'s stock price has increased by 15.55% from 26.21 to 30.29. Now shares have been suggested as BUY from 2 brokerage firms and recommended as Strong Buy by 15 brokerage firms.0 brokerage firms have issued Sell rating for the company and Strong Sell rating was issued by 1 brokerage firms.6 brokerage firms have rated the company as a Hold. Cisco Systems's dividend payout ratio (DPR) is now 49.06%.

In a different news, on Nov 9, 2016, Brian Halla (director) sold 15,000 shares at $31.00 per share price. Ratings and estimates change daily and thus the numbers may differ slightly if a new report has been issued within the last 24-hours.

Now, the FactSet Research estimate calls for Q1 2017 earnings of US$0.59. Cisco Systems, Inc. has its YTD performance of 14.49 Percent. The reported EPS was above estimates by $0.02 or 3.39%. (NASDAQ:CSCO) to post net income of about $0.59 per share on $12,335.40M in revenue.

According to sentiments of 27 analysts the company is expected to report revenues of $12.15B for the current quarter.

What you have to understand is that Cisco Systems is undergoing a major structural transition with CEO Chuck Robbins, who has been on the job only since July 2015. Company stock is -80.74% away from its one year high and is moving 54.86% ahead of its one year low.

Cisco had $71.0 billion in total cash and investments at the end of the first quarter, including $10.4 billion in the United States.

Asked by analysts if this was a byproduct of macroeconomic trends or a product portfolio issue, Kramer chalked it up to the former, saying the company is confident of its portfolio and expects sales to pick up when spending increases.

The 29 analysts offering 12-month price forecasts for Regions Financial Corp have a median target of 11.00, with a high estimate of 13.00 and a low estimate of 8.00.

So does the rankings given by analysts; let us highlight rankings table and we had 16 analysts recommending BUY ratings for current month and for previous month 16 stands on similar situation; while 14 for the current month as compared to 14 analysts recommending for HOLD from the pool for previous month. In comparison, the consensus recommendation 60 days ago was at 2.5, and 90 days ago was at 2.5 respectively.

Related:

Comments


Other news