Thursday, 18 October, 2018

Cisco Systems Inc (CSCO) Net Revenue Surprises Analysts

Nellie Chapman | 08 December, 2017, 10:30

The stock increased 0.03% or $0.03 during the last trading session, reaching $118.11. About 12.64 million shares traded. (NASDAQ:CSCO). Texas-based Employees Retirement System Of Texas has invested 0.39% in Cisco Systems, Inc. It has underperformed by 1.24% the S&P500. (NASDAQ:CSCO) for 8,428 shares. Lincoln National, a Pennsylvania-based fund reported 23,576 shares.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. It had closed the previous session at $37.31. It is down 13.20% since December 7, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Since June 11, 2017, it had 0 insider purchases, and 2 sales for $3.19 million activity. Shares for $244,125 were sold by Walker Karen on Sunday, June 11.

Investors sentiment increased to 0.98 in 2017 Q2. Its down 0.06, from 1.04 in 2017Q1.

Several other large investors have also bought and sold shares of CSCO. The fund owned 58,696 shares of the network equipment provider's stock after selling 58,941 shares during the quarter. (NYSE:DVA). Baring Asset Mngmt Limited invested 0.08% of its portfolio in DaVita Inc. Nomura invested 0.07% of its portfolio in Monsanto Company (NYSE:MON). Telemus Capital LLC now owns 12,235 shares of the network equipment provider's stock valued at $383,000 after acquiring an additional 72 shares in the last quarter.

Lombard Odier Asset Management Usa Corp decreased Nxp Semiconductors N V (Call) (NASDAQ:NXPI) stake by 10,000 shares to 110,000 valued at $12.04 million in 2017Q2. Motco accumulated 34,440 shares. Following the transaction, the chief accounting officer now directly owns 119,996 shares of the company's stock, valued at approximately $3,847,071.76. Mutual Of America Capital Mgmt Limited Liability Company holds 0.02% in DaVita Inc. Shamrock Asset Management Ltd reported 0% stake. Apriem Advisors now owns 136,140 shares of the network equipment provider's stock worth $4,261,000 after purchasing an additional 6,127 shares during the period. Suntrust Banks reported 0.04% in Monsanto Company (NYSE:MON). Diligent Invsts Lc owns 44,575 shares or 0.99% of their U.S. portfolio. Longer has 63,995 shares for 1.75% of their portfolio. Lvw Advisors Ltd Liability Com stated it has 84,727 shares.

Among 6 analysts covering BioLineRx (NASDAQ:BLRX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 20% are positive. Monsanto Company had 60 analyst reports since August 25, 2015 according to SRatingsIntel. Leisure Capital Management now owns 7,454 shares of the network equipment provider's stock worth $233,000 after buying an additional 48 shares during the period. The firm has "Buy" rating given on Thursday, June 29 by William Blair. The firm earned "Buy" rating on Thursday, March 31 by Standpoint Research. Deutsche Bank upgraded KapStone Paper and Packaging Corporation (NYSE:KS) on Friday, September 23 to "Buy" rating. (NASDAQ:CSCO) earned "Positive" rating by OTR Global on Thursday, February 2. RBC Capital Markets has "Sector Perform" rating and $118 target. Pacific Crest has "Overweight" rating and $33 target. Cowen & Co maintained the stock with "Buy" rating in Thursday, November 16 report.

A statistical measure of the dispersion of returns (volatility) for CSCO producing salvation in Investors mouth, it has week volatility of 1.62% and for the month booked as 1.46%. Its up 0.14, from 1.04 in 2017Q1. Cisco Systems, Inc.'s now has a PEG ratio of 2.09 where as its P/E ratio is 19.42.

Hedge funds have recently made changes to their positions in the business. Barnett & Company Inc. increased its position in Cisco Systems by 1,511.5% in the second quarter. (NASDAQ:CSCO). Seaward Mgmt Limited Partnership has invested 0.05% in Cisco Systems, Inc. Comml Bank Of Nova Scotia invested in 1.43M shares. Jacobs Levy Equity Mgmt invested in 0.01% or 15,150 shares. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.01. Thornburg Management has 1.03% invested in Canaccord Genuity Group Inc. California-based Lederer And Associates Invest Counsel Ca has invested 1.9% in Cisco Systems, Inc. Prelude Management Lc holds 0% or 800 shares in its portfolio. Veritable LP holds 0.26% or 364,670 shares. Shelton Capital Mngmt has 0.99% invested in Cisco Systems, Inc. $2.94M worth of Cisco Systems, Inc. Robert W. Baird reissued a "buy" rating and issued a $38.00 target price on shares of Cisco Systems in a research report on Thursday, August 17th.

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO) rating on Wednesday, August 16. Therefore 62% are positive. BioLineRx had 20 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Maxim Group with "Buy" on Monday, December 19. Verity & Verity LLC grew its stake in shares of Cisco Systems by 5.2% during the first quarter. The firm has "Buy" rating given on Tuesday, September 5 by Jefferies. The firm has "Buy" rating given on Tuesday, November 29 by Panmure Gordon. On Thursday, December 8 the stock rating was maintained by FBR Capital with "Outperform". Vetr downgraded shares of Cisco Systems from a "hold" rating to a "sell" rating and set a $35.93 price objective for the a report on Wednesday, November 29th. (NASDAQ:CSCO) or 89,000 shares. The company was maintained on Thursday, August 18 by UBS.

Jefferies now has a $37.0 TP on the $184.94 billion market cap company or -1.10 % downside potential.