Cisco Systems (CSCO) Expected to Announce Quarterly Sales of $12.42 Billion

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

The firm had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11.82 billion. 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 fund owned 259,134 shares of the network equipment provider's stock after selling 9,128 shares during the period. 734 hedge funds increased and opened new equity positions, while 711 reduced and sold positions in Cisco Systems Inc so the sentiment improved.

If we look at the Volatility of Cisco Systems, Inc. Operating expenses for the quarter were $4.6 billion GAAP and $4.0 billion non-GAAP.

Piper Jaffray analysts recently suggested that Cisco might benefit in competition especially against VMware buying so-called hyperconverged system and software provider Nutanix Inc.

Brokerages forecast that Cisco Systems (NASDAQ:CSCO) will report sales of $12.42 billion for the current quarter, Zacks Investment Research reports. The shares were sold at an average price of $45.50, for a total value of $940,530.50.

The company P/E (price to earnings) ratio is 23.54 and Forward P/E ratio is 15.88. Moreover, Yacktman Asset Management Lp reported 19.70 million shares in Cisco Systems Inc equivalent to 7.27% of its USA long stock exposure. Barclays increased their price target on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 17th. (NASDAQ:CSCO) rating. Stifel Nicolaus has "Hold" rating and $40 target. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider's stock valued at $11,021,378,000 after acquiring an additional 7,411,891 shares during the last quarter. The companyÂ's electrical construction business includes the construction of transmission lines, concrete foundations, distribution systems, fiber optic splicing, substations and other electrical services. The firm owned 381,580 shares of the network equipment provider's stock after acquiring an additional 12,525 shares during the period. The institutional investor bought 18,401 shares of the network equipment provider's stock, valued at approximately $705,000. Hollencrest Capital Management boosted its holdings in Cisco Systems by 1.2% during the fourth quarter. William Blair restated an "outperform" rating on shares of Cisco Systems in a research report on Thursday, February 15th.

Cisco Systems Inc. shares slipped in extended trading after the network-equipment maker's fourth-quarter forecasts fell short of Wall Street's most optimistic projections. Recently, the company also completed the acquisition formalities for adding the artificial intelligence-based venture "Accompany" to its list of mergers. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. 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.

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"Big money sentiment for Cisco Systems Inc (NASDAQ:CSCO) in Q4 2017 increased to 1.03, revealed SEC filings".

The highest price CSCO stock touched in the last 12 month was $46.37 and the lowest price it hit in the same period was $30.36.

Quarterly Earnings Growth on year-over-year basis stands at 1.2 percent. Neumann Cap Limited Liability Co invested 0.4% of its capital in Cisco Systems, Inc. The ex-dividend date of this dividend was Wednesday, April 4th.

Cisco Systems declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 14th that allows the company to repurchase $25.00 billion in outstanding shares. On Monday, February 26 a trade for 12,126 shs valued at $550,153 was made by BURNS M MICHELE. The disclosure for this sale can be found here. The short ratio in the company's stock is documented at 1.96 and the short float is around of 1.03%. In the last ninety days, insiders have sold 46,986 shares of company stock valued at $2,116,422. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued. Mitsubishi UFJ Asset Management UK Ltd. now owns 126,000 shares of the network equipment provider's stock worth $4,825,000 after buying an additional 96,000 shares during the period.

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The firm offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.Last it reported negative earnings.

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