Cisco Systems announces 1100 more layoffs

Shares in Cisco Systems have climbed roughly 14% so far this year
Shares in Cisco Systems have climbed roughly 14% so far this year
Author

29 May, 2017

On 2/23/2017 Roderick C Mcgeary, Director, sold 10,000 with an average share price of $34.07 per share and the total transaction amounting to $340,700.00.

Excluding items, the company earned 60 cents per share. (NASDAQ:CSCO) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. Profits came to 50 cents a share for the fiscal third quarter.

Shares of the Dow component fell 8.2% to US$31.05 (RM134.35) in after-market trading on Wednesday. Stock's weekly performance expressed down trend of -2.73%. A rating of 4 or 5 would indicate a consensus Sell. The firm has "Hold" rating by Stifel Nicolaus given on Friday, November 18. Cisco's shares were down more than 5 percent after hours. To measure price-variation, we found CSCO's volatility during a week at 1.22% and during a month it has been found around 0.99%.

Several analysts have released their opinion on Cisco Systems, Inc. During the last trading session, the stock is traded between $33.80 and $34.31. Trust Co. of Virginia VA now owns 228,628 shares of the network equipment provider's stock worth $7,252,000 after buying an additional 12,966 shares in the last quarter. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 1.8%. The lowest 12-month price target for the shares is $28.00, which would be decrease of about -17% of its current value.

Recurring revenue was 31% of total revenue, up from 29% at the same time previous year. Analyst's mean target price for CSCO is $35.86 while analysts mean recommendation is 2.20.

They have been pinpointed by the Zacks system that almost tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. Cisco and SAP are also working to optimize the SAP-UCS customer experience with unique features for smoother manageability and better return-on-investment (ROI), resulting in an industry leading position. The stock closed its day at $174.16. The mean target of $36.00 should be compared with the price when the stock was languishing around $25.59 a share.

Shaving off another 8% of these already low valuations gets us to a trailing PE ratio of 16, a PE ratio (2017) of 13.0 and a PE ratio (2018) of 12.5. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. (CSCO) in the open market. The company's beta value is at 1.25. Citigroup maintained the stock with "Buy" rating in Tuesday, August 9 report. They are projecting Next Quarter growth of -1.6%. The institutional ownership stake in the corporation is 93.50%.

Revenue is expected to decline by 4% to 6% year over year. Its RSI (Relative Strength Index) reached 38.67. Investors of record on Thursday, April 6th were issued a dividend of $0.29 per share. However its weekly volatility is 3.32% and monthly volatility is 2.68%.

About 1,556 shares traded. Cisco Systems's quarterly revenue was down.5% compared to the same quarter past year. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company.


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