Cisco Systems, Inc. (NASDAQ:CSCO) registered a 0.78% increase, still its new closing price is 42.84% up from the company’s 1 year high of 31.62.It posted 2.92% gains in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 10 buy or better ratings. The 36 stock analysts following this company have an average price target at $33.11, with individual PT in the $25.00-$38.00 range. The shares moved at $30.98, implying that brokerage firms see shares gaining about 38.82% in twelve months time.
Cisco Systems, Inc. (CSCO) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 3.40% rise year to date. A SVP & Chief Marketing Officer at Cisco Systems, Inc. (CSCO) offloaded shares in a transaction closed on Friday December 23, 2016. Walker Karen sold 1,793 shares in the company at $30.41 each and collected $54,001 in proceeds. Walker Karen now owns 183,275 shares in the company after this transaction. A Executive Chairman in the company, CHAMBERS JOHN T, disclosed a transaction on Wednesday November 23, 2016 that ended up generating $7,430,000 from the sale of 250,000 shares at $29.72 per share.
Cisco Systems, Inc. (NASDAQ:CSCO) Upcoming Results on Tap
Cisco Systems, Inc. will next provide financial results for the October 2017 quarter. Stock analysts expect it to report per-share earnings of $0.61 in that period. Sales during the quarter are predicted to arrive at $12.29 billion.
Earnings surprise history: Last quarter, the company posted approximately $12.35 billion in revenue and EPS of $0.61. The mean forecast was for $12.34 billion and $0.59 a share, respectively. One quarter earlier, revenue for the stock was at $12.64 billion, with earnings at $0.63/share.
Cisco Systems, Inc. (CSCO) Brokerage Update
Cisco Systems, Inc. (CSCO) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Goldman, according to news reported on Wednesday June 15, 2016.Another important research note was issued by JP Morgan on Wednesday April 06, 2016.The firm upgraded CSCO to Neutral from Underweight. Over the last six months and over the last three months, the shares of Cisco Systems, Inc. (CSCO), have changed 3.22% and 2.28%, respectively.