NASDAQ:CSCO - Cisco Systems Stock Price, Forecast & News

Cisco Systems' stock was trading at $37.05 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CSCO stock has increased by 4.8% and is now trading at $38.82. View which stocks have been mosted impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cisco Systems in the last year. There are currently 9 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cisco Systems.

Cisco Systems is scheduled to release its next quarterly earnings announcement on Wednesday, May 20th 2020. View our earnings forecast for Cisco Systems.

Cisco Systems, Inc. (NASDAQ:CSCO) issued its earnings results on Wednesday, February, 12th. The network equipment provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.01. The network equipment provider had revenue of $12 billion for the quarter, compared to analyst estimates of $11.98 billion. Cisco Systems had a return on equity of 36.40% and a net margin of 21.44%. The firm's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. View Cisco Systems' earnings history.

Cisco Systems announced a quarterly dividend on Wednesday, February 12th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.36 per share on Wednesday, April 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, April 2nd. This is a boost from Cisco Systems's previous quarterly dividend of $0.35. View Cisco Systems' dividend history.

Cisco Systems declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 13th 2019, which authorizes the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Cisco Systems issued an update on its third quarter earnings guidance on Wednesday, February, 12th. The company provided EPS guidance of $0.79-0.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.80. The company issued revenue guidance of decline 1.5-3.5% to $12.50-12.76 billion, compared to the consensus revenue estimate of $12.62 billion.

26 Wall Street analysts have issued twelve-month price targets for Cisco Systems' stock. Their forecasts range from $40.00 to $62.00. On average, they expect Cisco Systems' share price to reach $52.77 in the next twelve months. This suggests a possible upside of 35.9% from the stock's current price. View analysts' price targets for Cisco Systems.

Media stories about CSCO stock have been trending positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cisco Systems earned a news sentiment score of 3.0 on InfoTrie's scale. They also gave media headlines about the network equipment provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutCisco Systems.

Cisco Systems saw a increase in short interest in March. As of March 13th, there was short interest totaling 49,534,400 shares, an increase of 30.7% from the February 27th total of 37,900,000 shares. Based on an average daily trading volume, of 43,414,600 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.2% of the company's stock are short sold. View Cisco Systems' Current Options Chain.

Some companies that are related to Cisco Systems include QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), Finisar (FNSR), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), NetGear (NTGR), Harmonic (HLIT), Plantronics (PLT) and Extreme Networks (EXTR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cisco Systems investors own include Intel (INTC), AT&T (T), NVIDIA (NVDA), Walt Disney (DIS), Pfizer (PFE), Verizon Communications (VZ), Micron Technology (MU), Alibaba Group (BABA), Johnson & Johnson (JNJ) and Bank of America (BAC).

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

Cisco Systems' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (4.42%), Bank of New York Mellon Corp (1.95%), Geode Capital Management LLC (1.45%), Norges Bank (1.13%), FMR LLC (0.86%) and Nuveen Asset Management LLC (0.83%). Company insiders that own Cisco Systems stock include Charles Robbins, David Goeckeler, Irving Tan, Kelly A Kramer, M Michele Burns, Maria Martinez, Mark D Chandler, Prat Bhatt, Roderick C Mcgeary, Steven M West and Wesley G Bush. View institutional ownership trends for Cisco Systems.

CSCO stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Nuveen Asset Management LLC, Massachusetts Financial Services Co. MA, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, AQR Capital Management LLC, Alliancebernstein L.P., PGGM Investments, and Robeco Institutional Asset Management B.V.. Company insiders that have sold Cisco Systems company stock in the last year include Charles Robbins, David Goeckeler, Irving Tan, Kelly A Kramer, Maria Martinez, Mark D Chandler, Prat Bhatt, and Steven M West. View insider buying and selling activity for Cisco Systems.

CSCO stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Franklin Resources Inc., FMR LLC, Parnassus Investments CA, M&G Investment Management Ltd., Macquarie Group Ltd., FIL Ltd, and Acadian Asset Management LLC. View insider buying and selling activity for Cisco Systems.

Shares of CSCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CSCO stock can currently be purchased for approximately $38.82.

Cisco Systems has a market capitalization of $164.63 billion and generates $51.90 billion in revenue each year. The network equipment provider earns $11.62 billion in net income (profit) each year or $2.85 on an earnings per share basis. Cisco Systems employs 75,900 workers across the globe. View additional information about Cisco Systems.

The official website for Cisco Systems is http://www.cisco.com/.

Cisco Systems' mailing address is 170 WEST TASMAN DRIVE, SAN JOSE CA, 95134. The network equipment provider can be reached via phone at 408-526-4000 or via email at [email protected]