Cisco Systems (NASDAQ:CSCO) Updates Q1 Earnings Guidance

Cisco Systems (NASDAQ:CSCO) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.86-0.88 for the period, compared to the consensus EPS estimate of $0.85. The company issued revenue guidance of $13.65-13.85 billion, compared to the consensus revenue estimate of $13.74 billion. Cisco Systems also updated its FY 2025 guidance to 3.520-3.580 EPS.

Cisco Systems Price Performance

NASDAQ:CSCO traded up $0.07 during trading hours on Wednesday, reaching $45.44. 28,034,832 shares of the company were exchanged, compared to its average volume of 19,703,311. The company has a market capitalization of $183.07 billion, a P/E ratio of 15.35, a P/E/G ratio of 2.97 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The business has a 50 day moving average of $46.63 and a 200 day moving average of $47.94. Cisco Systems has a 1-year low of $44.50 and a 1-year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. Cisco Systems’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Research analysts forecast that Cisco Systems will post 3.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSCO shares. Oppenheimer lifted their price objective on shares of Cisco Systems from $54.00 to $58.00 and gave the company an outperform rating in a research note on Thursday, May 16th. Piper Sandler reiterated a neutral rating and issued a $52.00 price target on shares of Cisco Systems in a research note on Wednesday, June 5th. StockNews.com downgraded Cisco Systems from a buy rating to a hold rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. started coverage on Cisco Systems in a research note on Monday, April 22nd. They set a neutral rating and a $53.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company an equal weight rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $56.47.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 26,331 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total value of $1,213,859.10. Following the sale, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at approximately $33,439,234.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Cisco Systems news, SVP Maria Victoria Wong sold 3,378 shares of Cisco Systems stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total value of $155,016.42. Following the completion of the sale, the senior vice president now directly owns 52,953 shares in the company, valued at $2,430,013.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Robbins sold 26,331 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total value of $1,213,859.10. Following the transaction, the chief executive officer now owns 725,363 shares in the company, valued at $33,439,234.30. The disclosure for this sale can be found here. Insiders sold 41,106 shares of company stock worth $1,908,923 over the last ninety days. 0.02% of the stock is owned by insiders.

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 in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.