Cisco Systems Inc Q4 2017 Big Money Sentiment Better Than Expected

Cisco is seen during the Mobile World Congress in Barcelona

But although revenue growth of four per cent was in line with expectations, Wall Street was apparently a little underwhelmed by the networking giant's guidance for Q4, when it expects to grow by between four and six per cent.

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%.

The key to the third quarter and quarters ahead remains the company's flagship Catalyst 9000 network switch, not just because of the hardware but the software subscriptions customers must sign up for to use the product.

Service providers remain hard, with orders shrinking by four per cent year-on-year from Q3 2017, but that was more than offset by 11 per cent growth in the enterprise sector, seven per cent in the commercial sector, and public sector orders chipping in two per cent growth. 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. 15,230 Cisco Systems, Inc. (NASDAQ:CSCO). Canal Ins Communications stated it has 1.6% of its capital in Cisco Systems, Inc. The network equipment provider reported $0.63 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.59 by $0.04. That indicates sales of $12.6 billion to $12.9 billion, compared with an average analyst prediction of $12.7 billion. Moreover, Oakwood Limited Liability Company Ca has 1.34% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Sigma Planning Corporation reported 91,293 shares.

Cisco Systems, maintained at an average outperform rating by 34 stock analysts, and there are at least 1.03% of shares outstanding that are now legally short sold. They noted that the move was a valuation call.

Credit Suisse Initiated shares of Cisco Systems, Inc.

Among 2 analysts covering Westell Technologies (NASDAQ:WSTL), 1 have Buy rating, 1 Sell and 0 Hold. The company presently has an average rating of "Buy" and a consensus target price of $45.20. The shares were sold at an average price of $44.10, for a total value of $625,734.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arun Sarin sold 14,189 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $45.37, for a total transaction of $550,156.62.

Fort Lp decreased its stake in Oracle Corp (NYSE:ORCL) by 148,364 shares to 19,563 shares, valued at $925,000 in 2017Q4, according to the filing. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,986 shares of company stock valued at $2,116,422.

Cisco spent $6 billion in the April quarter to repurchase its own stock. Several additional equities analysts have also published recent reports on CSCO stock. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 17, 2017 and is uptrending.

Cisco shares fell by over 4% in trading afterhours on Wednesday after reporting better than had been expected earnings for the fiscal third quarter that ended April 28. The firm set a "neutral" rating and a $41.00 price target on the network equipment provider's stock. Minnesota-based Ameriprise Financial Inc has invested 1.1% in Cisco Systems, Inc. Ingalls & Snyder Limited Liability Company invested in 518,590 shs. Logan Capital Management Inc.'s holdings in Cisco Systems were worth $12,098,000 at the end of the most recent quarter. Finally, Certified Advisory Corp bought a new stake in Cisco Systems during the 4th quarter worth approximately $116,000. The stock decreased 0.48% or $0.22 during the last trading session, hitting $45.48.Cisco Systems, Inc. has volume of 22.16M shares. About 26.65M shares traded or 5.94% up from the average. The stock has a market capitalization of $218.23 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 3.24 and a beta of 1.14. 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 has a 1-year low of $45.14 and a 1-year high of $45.54.

According to 2017Q4 SEC form the Michael Novogratz rose its holdings in Cisco Sys Inc (CSCO) by 12.89%. (CSCO), Week Volatility is 1.44%, whereas Month Volatility is at 2.11%. The stock has "Buy" rating by Deutsche Bank on Thursday, November 16. (NASDAQ:CSCO) rating. Bernstein has "Buy" rating and $40.0 target. This buyback authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.



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