Brokerages Anticipate Cisco Systems (CSCO) Will Announce Quarterly Sales of $12.42 Billion

Chuck Robbins CEO of Cisco

For the July quarter, Cisco said it expects revenue growth of 4% to 6%, in-line with expectations of 4.9% growth $12.73 billion. Citigroup maintained the shares of CSCO in report on Tuesday, August 9 with "Buy" rating. Zacks' sales calculations are an average based on a survey of sell-side research firms that follow Cisco Systems. (NASDAQ:CSCO). Chatham Capital Gru holds 2.35% of its capital in Cisco Systems, Inc.

If we look at the Volatility of Cisco Systems, Inc.

Revenue from the business, which provides technical and internet network support, rose 3 percent to $3.16 billion but fell short of estimate of $3.24 billion, according to Thomson Reuters I/B/E/S. During the same period in the prior year, the firm posted $0.57 earnings per share. Beyond the revenue and earnings numbers, analysts will be looking for hints on how well the company's new products and business model are catching on. On Sunday, February 11 RBC Capital Markets maintained the shares of CSCO in report with "Buy" rating. Stifel Nicolaus reissued a "hold" rating and issued a $46.00 price target (up from $40.00) on shares of Cisco Systems in a report on Thursday, February 15th. Macquarie assumed coverage on Cisco Systems in a research report on Monday, April 30th. Barclays boosted their price target on Cisco Systems from $37.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, January 17th. Finally, Vetr cut Cisco Systems from a "buy" rating to a "hold" rating and set a $46.32 price target for the a research report on Wednesday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. The company now has an average rating of "Buy" and a consensus target price of $45.01. On Monday, February 26 BURNS M MICHELE sold $550,153 worth of Cisco Systems, Inc. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20,671 shs were sold by Goeckeler David, worth $940,559. Sc China Holding Ltd sold 1.50 million shares as Noah Hldgs Ltd (NOAH)'s stock rose 8.32%. The disclosure for this sale can be found here. It increased, as 51 investors sold CSCO shares while 660 reduced holdings. Bank of New York Mellon Corp grew its holdings in shares of Cisco Systems by 12.8% in the fourth quarter. Overall the numbers were good, especially compared to last quarter's. Finally, Tarbox Family Office Inc. boosted its stake in Cisco Systems by 67.9% in the 4th quarter. Insiders sold 46,986 shares of company stock valued at $2,116,422 over the last quarter. (NASDAQ:CSCO). Finemark Commercial Bank And Tru has invested 1.13% in Cisco Systems, Inc. Rothschild Investment Corp IL now owns 297,112 shares of the network equipment provider's stock worth $11,379,000 after buying an additional 5,517 shares during the period.

Noteworthy Stock: Helios and Matheson Analytics Inc. (HMNY)
Over the last 12 months, HMNY's free cash flow per share is a negative -1.01, while that of HOV is also a negative -3.19. Canaccord Genuity assumed coverage on Helios and Matheson Analytics in a research note on Thursday, February 22nd.

Family Firm Incorporated holds 0.15% or 9,835 shs. Delphi Private Advisors LLC raised its stake in shares of Cisco Systems by 307.8% during the 4th quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider's stock worth $11,021,378,000 after purchasing an additional 7,411,891 shares during the last quarter. (CSCO) declined -0.48% and closed its last trading session at $45.48. 31,146,190 shares of the company traded hands, compared to its average volume of 27,168,168. Of all stocks tracked, Cisco Systems had the 0th highest net out-flow for the day. For the most recent quarter, quick ratio was 2.4, current ratio was 2.4, LT Debt/Equity ratio was 0.49 and Total Debt/Equity ratio stands at 0.76, while Payout ratio is 0. The company has a market cap of $214,090.50, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 3.18 and a beta of 1.14. Oklahoma-based Pinnacle Limited Company has invested 0.25% in Cisco Systems, Inc.

Quarterly Revenue Growth on year-over-year basis stands at 2.7 percent. Hugh Johnson Advisors Ltd Limited Liability Company stated it has 0.27% in Cisco Systems, Inc. Cisco Systems's dividend payout ratio (DPR) is now 61.40%.

Cisco Systems announced that its board has approved a share repurchase plan on Wednesday, February 14th that authorizes the company to buyback $25.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to buy shares of its stock through open market purchases. It also provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, series, fabric interconnects, and management software solutions; wireless products consisting of wireless access points, WLAN controllers, cloud and appliances based services, and integrated software services.


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