Cisco (CSCO) Narrowly Beats Q3 Earnings & Revenue Estimates

Galtero Lara
May 16, 2018

734 funds increased and started new positions, while 711 sold and trimmed equity positions in Cisco Systems Inc so the sentiment is more positive. Funds hold 3.54 billion shares thus 1.52% less from 2017Q3's 3.60 billion shares. Funds holding Cisco Systems Inc in top 10 changed to 180 from 142 for an increase of 38. 51 Investors Sold All; 660 Reduced Holdings; 589 increased holdings while 145 funds bought holdings. Finally, Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 2.2% in the second quarter. Cisco forecast fiscal Q4 profit of 69 cents a share, in-line with estimates. Cisco Systems Inc. had 161 analyst reports since August 4, 2015 according to SRatingsIntel.

More notable recent Cisco Systems, Inc. The company 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. It also provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, series, fabric interconnects, and management software solutions; wireless products consisting of wireless access points, WLAN controllers, cloud and appliances based services, and integrated software services. Hays Advisory Llc sold 36,731 shares as Cisco Systems Inc (CSCO)'s stock rose 10.71%. CSCO has also 15.55M shares volume. CSCO outperformed by 14.02% the S&P 500. Retirement Systems Of Alabama holds 0.85% or 4.59 million shs in its capital. The United Kingdom-based fund Edinburgh Partners Ltd have invested about 6.7% of the fund's stock portfolio in Cisco Systems Inc. (NASDAQ:CSCO) for 4,524 shs. Kings Point Capital Mgmt holds 29,452 shs or 0.24% of its capital. Prentiss Smith holds 1.92% or 102,554 shs. Gargoyle Invest Advisor Lc reported 45,304 shares. Company insiders own 0.05% of the company's stock.

"For the first time, customers of the new Catalyst 9000 enterprise/campus switches need to select an accompanying software subscription (DNA Essentials, DNA Advantage, Cisco ONE Advantage) with 3-, 5-, or 7-year terms", he wrote. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Minnesota-based Ameriprise Financial Inc has invested 1.1% in Cisco Systems, Inc. (NASDAQ:CSCO). 43,443 are owned by Planning Limited Liability. Garland Cap Management accumulated 138,011 shs or 3.47% of the stock. Parallax Volatility Advisers Limited Partnership owns 115,480 shs. Commonwealth Of Pennsylvania School Empls Retrmt owns 442,197 shs.

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Cisco Systems, Inc. registered $10.28 million net activity with 0 buys and 5 sales since December 14, 2017. The insider BURNS M MICHELE sold $550,153. Brown Brothers Harriman And owns 0.02% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 107,241 shares. Cisco Systems's dividend payout ratio is now 61.40%. MCGEARY RODERICK C sold $578,740 worth of Cisco Systems, Inc. The business had revenue of $11.89 billion for the quarter, compared to analysts' expectations of $11.82 billion. The positive are 83%. Zacks' sales calculations are an average based on a survey of sell-side research firms that follow Cisco Systems. (NASDAQ:CSCO) on Friday, November 13 with "Outperform" rating. On Thursday, February 15 the firm has "Buy" rating by Bank of America given.

In other news, EVP David Goeckeler sold 20,671 shares of Cisco Systems stock in a transaction that occurred on Thursday, March 15th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. The firm earned "Buy" rating on Thursday, February 15 by Robert W. Baird. Finally, Mizuho Securities USA LLC grew its stake in shares of Cisco Systems by 20.9% in the fourth quarter. (NASDAQ:CSCO) with "Buy" rating. This is an increase from Cisco Systems's previous quarterly dividend of $0.29. (NASDAQ:CSCO). Bragg Fincl Advsr Inc has invested 1.35% in Cisco Systems, Inc. On Thursday, January 18 the stock has "Buy" rating by KeyBanc Capital Markets. The stock has "Hold" rating by J.P. Morgan on Wednesday, June 21. Bernstein maintained the shares of CSCO in report on Tuesday, September 1 with "Buy" rating. The titles are as follows: "Cisco Systems Remains Top-Performing Dow Stock" released on May 12, 2018, "Cisco Systems: Last Chance To Buy?" on April 24, 2018, "Walmart, Cisco, Macy's and More Major Earnings Coming This Week" with a publish date: May 13, 2018, "Cisco Still Holds Rank as Top Performing Dow Stock" and the last "Earnings Scheduled For May 16, 2018" with publication date: May 16, 2018.

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