Cisco Systems (CSCO) Given Daily Coverage Optimism Score of 1.29

Media headlines about Cisco Systems (NASDAQ:CSCO) have been trending somewhat positive this week, InfoTrie reports. The research firm ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cisco Systems earned a coverage optimism score of 1.29 on their scale. InfoTrie also gave media headlines about the network equipment provider an news buzz score of 6 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have effected Cisco Systems’ analysis:

A number of analysts have commented on CSCO shares. Zacks Investment Research lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. BidaskClub raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Goldman Sachs Group reissued a “buy” rating and set a $56.00 price objective on shares of Cisco Systems in a report on Thursday, August 16th. BMO Capital Markets boosted their price objective on Cisco Systems from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Thursday, August 16th. Finally, William Blair reissued an “outperform” rating on shares of Cisco Systems in a report on Thursday, August 16th. Seven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $49.49.

Shares of NASDAQ CSCO opened at $44.54 on Monday. Cisco Systems has a twelve month low of $36.32 and a twelve month high of $49.47. The company has a market capitalization of $214.57 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.61 and a beta of 1.11. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 14th. The network equipment provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. Cisco Systems had a return on equity of 25.58% and a net margin of 2.52%. The business had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $12.86 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. Cisco Systems’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that Cisco Systems will post 2.7 EPS for the current fiscal year.

In related news, EVP Mark D. Chandler sold 31,842 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $47.20, for a total value of $1,502,942.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Irving Tan sold 68,308 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $47.38, for a total value of $3,236,433.04. Following the completion of the transaction, the senior vice president now owns 150,763 shares in the company, valued at approximately $7,143,150.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 450,620 shares of company stock worth $21,322,282. 0.03% of the stock is owned by company insiders.

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About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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