Cisco Systems Company Profile (NASDAQ:CSCO)

Cisco Systems trades on the NASDAQ under the ticker symbol "CSCO."

Cisco Systems announced a quarterly dividend on Tuesday, June 6th. Stockholders of record on Friday, July 7th will be paid a dividend of $0.29 per share on Wednesday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Wednesday, July 5th. View Cisco Systems' Dividend History.

Cisco Systems, Inc. (NASDAQ:CSCO) posted its quarterly earnings data on Wednesday, May, 17th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The business earned $11.94 billion during the quarter, compared to the consensus estimate of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The firm's revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. View Cisco Systems' Earnings History.

Cisco Systems is scheduled to release their next quarterly earnings announcement on Wednesday, August, 16th 2017. View Earnings Estimates for Cisco Systems.

Cisco Systems updated its fourth quarter earnings guidance on Wednesday, May, 17th. The company provided EPS guidance of $0.60-0.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.62. The company issued revenue guidance of down 4-6% to $11.88-12.13 billion, compared to the consensus revenue estimate of $12.53 billion.

32 analysts have issued 1-year price targets for Cisco Systems' stock. Their predictions range from $29.00 to $40.00. On average, they expect Cisco Systems' share price to reach $35.38 in the next year. View Analyst Ratings for Cisco Systems.

Here are some recent quotes from research analysts about Cisco Systems stock:

• 1. According to Zacks Investment Research, "Cisco Systems is the leading provider of IP-based networking and other products. Nevertheless, intensifying competition from several smaller players, slowing order growth from service providers and challenges in the emerging markets are the primary headwinds. We note, the company has underperformed the S&P 500 index on a year-to-date basis. Revenues are expected to decline due to lower order growth in the reported quarter, which affected backlog. Nonetheless, we believe Cisco’s expanding footprint in the rapidly growing security and data center market are promising. Estimates have been stable ahead of the company's Q4 earnings release. The company has positive record of earnings surprises in the recent quarters. Moreover, partnerships with the likes of Pure Storage, salesforce.com and IBM will help Cisco to gain signficant traction in the data center, cloud and Internet of Things (IoT) market in the long haul." (7/18/2017)
• 2. Drexel Hamilton analysts commented, "We continue to believe Cisco’s stock will receive investor support given the company’s rich dividend yield, attractive valuation (11.4x CY:18, ex-cash), expanding recurring revenue contribution, consistent execution and prime position as a beneficiary of potential revisions in repatriation policies. Also, Cisco is heading into its seasonally strongest quarter of the year. We believe Cisco will at least meet our 3Q:FY17 revenue estimate of $11.84 billion (Street is at $11.90 billion) and our EPS projection of $0.58 (Street is at $0.58). Our revenue estimate reflects a 2% QoQ increase in sales and inline with the five-year average uptick. Cisco’s 3Q:FY17 outlook calls for sales to fall by 2% to flat YoY (i.e., $11.76 billion to $12.0 billion) with pro forma EPS of $0.57-0.59." (5/16/2017)
• 3. Robert W. Baird analysts commented, "We like the acquisition and view SD-WAN as a large TAM with real ROI. This acquisition is unlikely to impact Cisco’s financials in the near term. We wrote a thought piece on the category in August 2016. Link: SD-WAN Thought Piece Limited financial disclosure. Cisco announced its intent to acquire Viptela for $610 million in cash and equity awards. The deal is expected to close in the 2H’C17. We believe the company was approaching $100 in run-rate revenue. Who is Viptela? In August, we called Viptela the leading pure-play based on conversations with industry participants. We believe it has particular momentum in Telco Service Provider, e.g. Verizon." (5/1/2017)
• 4. UBS AG analysts commented, "Cisco delivered a slight EPS beat and guided F3Q generally in-line with Street expectations. Product revenue disappointed in declining 2% YoY normalized as strength in security was offset by declines in core networking, but services growth was 5%. April results should be up slightly excluding the extra week a year ago. Cisco has been a mixed story with growth in new areas offset by deterioration in core switching and routing. We think management is looking to move fast: (1) Cisco has accelerated investments in the core to gain share and improve results; (2) the company's position in hyperconverged is lagging'HyperFlex is on a short leash; and (3) more and larger M&A may be coming with The Wall Street Journal highlighting "Cisco's License to Buy" and the Financial Times saying "Cisco Systems Open to Much Larger Acquisitions." We sensed a new aggressiveness when CEO Chuck Robbins told us we shouldn't rule out any size deal and M&A doesn't depend on cash repatriation. We think investors would like moves into adjacencies that enhance growth and recurring revenue." (2/16/2017)
• 5. Needham & Company LLC analysts commented, "We come away from the Cisco print thinking the company is running hard to hold its ground. The shift to subscription is estimated to have trimmed revenues by 1-2%. OK, but revenues declined by 3% on an asreported basis and 2% adjusting for the divestiture against an easy comparison. If it was for offshore cash repatriation and tax relief, we think the shares would be lower. Switching declined 5% and Routing down 10%. These core product areas still account for over half of Product Sales and likely half of Service Revenues. Further, despite exiting the near-breakeven Service Provider Video business, Product GMs continue to slide. Cisco has cash and a potential for a windfall, but we don't see growth." (2/16/2017)

Cisco Systems saw a drop in short interest during the month of June. As of June 30th, there was short interest totalling 36,528,644 shares, a drop of 10.8% from the June 15th total of 40,942,579 shares. Based on an average daily volume of 23,003,029 shares, the short-interest ratio is currently 1.6 days. Currently, 0.7% of the company's shares are sold short.

Some companies that are related to Cisco Systems include QUALCOMM Incorporated (QCOM), Ericsson (ERIC), Motorola Solutions (MSI), Harris Corporation (HRS), Arista Networks (ANET), Alcatel Lucent SA (ALU), CommScope Holding Company (COMM), EchoStar Corporation (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), Lumentum Holdings (LITE), ViaSat (VSAT), Ciena Corporation (CIEN), Belden (BDC), Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV) and West Corporation (WSTC).

Cisco Systems' management team includes the folowing people:

• John T. Chambers, Executive Chairman of the Board
• Charles H. Robbins, Chief Executive Officer, Director
• Kelly A. Kramer, Chief Financial Officer, Executive Vice President
• Rebecca J. Jacoby, Chief Operating Officer, Senior Vice President
• Christopher Dedicoat, Executive Vice President, Worldwide Sales and Field Operations
• Karen Walker, Senior Vice President, Chief Marketing Officer
• Mark Chandler, Senior Vice President - Legal Services, Chief Compliance Officer, General Counsel, Secretary
• Carol A. Bartz, Lead Independent Director
• Brenton L. Saunders, Director
• M. Michele Burns, Independent Director

Cisco Systems' stock is owned by many different of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.32%), Bank of Montreal Can (0.31%), APG Asset Management N.V. (0.26%), WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST (0.14%), Swedbank (0.13%) and RE Advisers Corp (0.12%). Company insiders that own Cisco Systems stock include Carol Bartz, Charles Robbins, Chris Dedicoat, John L Hennessy, John T Chambers, Karen Walker, Kristina M Johnson, M Michele Burns, Mark D Chandler, Michael D Capellas, Pankaj Patel, Prat Bhatt, Rebecca Jacoby, Roderick C Mcgeary and Steven M West. View Institutional Ownership Trends for Cisco Systems.

Cisco Systems' stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, APG Asset Management N.V., Cornerstone Investment Partners LLC, DnB Asset Management AS, Chevy Chase Trust Holdings Inc., Exxonmobil Investment Management Inc. TX, US Bancorp DE and Forsta AP Fonden. Company insiders that have sold Cisco Systems stock in the last year include Carol Bartz, Charles Robbins, Chris Dedicoat, John L Hennessy, John T Chambers, Karen Walker, M Michele Burns, Mark D Chandler, Prat Bhatt, Rebecca Jacoby and Roderick C Mcgeary. View Insider Buying and Selling for Cisco Systems.

Cisco Systems' stock was acquired by a variety of institutional investors in the last quarter, including Swedbank, Mn Services Vermogensbeheer B.V., ANTIPODES PARTNERS Ltd, Fisher Asset Management LLC, National Pension Service, Pennsylvania Trust Co, Aperio Group LLC and Manning & Napier Advisors LLC. View Insider Buying and Selling for Cisco Systems.

Shares of Cisco Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cisco Systems stock can currently be purchased for approximately $31.84.