(calculated from actual period earnings estimates revision (80% weight) and previous period earnings surprise (20% weight)). Of the dotbig last four earnings reports from Cisco Systems Inc., there were 4 positive earnings surprise and 0 negative earnings surprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Fletcher Previn, a veteran of IBM, aims to mold the networking-equipment company into a flexible-workplace paradigm.
This earnings season hasn’t been an easy one for the tech sector, marked by layoffs at a number of the sector’s biggest names and concerns about the broader economy illustrated by weakening trends at ma… Better-than-expected first-quarter results are sending Cisco’s shares Forex news higher. That’s especially true in the tech sector, where a growing number of companies are undertaking mass layoffs. By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Research Reports for CSCO
It expects revenue to decline between 8.5% and 11.5% year over year in the period. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool Forex helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
View analysts price targets for CSCO or view top-rated stocks among Wall Street analysts. First-quarter sales for Cisco’s infrastructure platforms segment declined 15% year over year to come in at $6.43 billion. Applications revenue declined 5% year over year to $1.36 billion, but security revenue climbed 6% to $776 million. The company continued to make progress transitioning https://dotbig.com/markets/stocks/CSCO/ its software products to a subscription-based model. Subscriptions accounted for 74% of total software revenue in the quarter, up from 65% in the prior-year quarter. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company’s price per share by its earnings per share.
Is a component of S&P 500, NASDAQ 100, Dow Jones 30, Russell 1000 indices and it is traded on NASDAQ exchange. The company belongs in the Hardware industry, Technology sector and employs people. 20 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Cisco Systems in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 10 buy Cisco Systems Incorporated stock ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” CSCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSCO, but not buy additional shares or sell existing shares. Cisco plans to build its Webex video conferencing product against Microsoft and Zoom.
Aviat Networks
Insiders that own company stock include Charles Robbins, Geraldine Elliott, Irving Tan, Jeffery S Sharritts, Kelly A Kramer, M Michele Burns, Maria Martinez, Mark D Chandler and Prat Bhatt. The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023. Cisco Systems’ stock was trading at $63.37 at the beginning of 2022. Since then, CSCO stock has decreased by 23.6% and is now trading at $48.40. Sign-up to receive the latest news and ratings for Cisco Systems and its competitors with MarketBeat’s FREE daily newsletter. This payout ratio is at a healthy, sustainable level, below 75%. Cisco Systems pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.
- The technique has proven to be very useful for finding positive surprises.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
- Moreover, the weakening profit outlook for the fourth quarter only…
- The company provided earnings per share guidance of $0.84-$0.86 for the period, compared to the consensus EPS estimate of $0.85.
- As a result, investor sentiment is providing neither a tailwind nor a headwind at this time.
- For financial reporting, their fiscal year ends on July 31st.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries.
Walmart, Nvidia, Target, Alibaba, General Motors, and Other Stocks to Watch This Week
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes Cisco Systems Incorporated stock price or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Cisco Systems’ stock is owned by many different retail and institutional investors.
Cisco Stock: Acquisition Needed?
Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. A dead cat bounce is a temporary recovery of asset prices from a prolonged decline or bear market that’s followed by a continuation of the downtrend. The offers that appear in this table are from partnerships from which https://dotbig.com/ Investopedia receives compensation. Investopedia does not include all offers available in the marketplace. The Motley Fool has no position in any of the stocks mentioned. The networking giant has regained ground and is now roughly flat across 2020. Needs to review the security of your connection before proceeding.
Cisco Systems Inc. has a dividend yield of 3.19% with a dividend per share of $1.52 and a payout ratio of 59.00%. Cisco reported fiscal first-quarter results that beat analysts’ estimates on top and bottom lines, as the company cited an “easing supply situation.”
Security includes products and services preventing unauthorized access to system resources and protecting from worms, spam, viruses and other malware. The Data Center product category includes Cisco Unified Computing System and Server Access Virtualization. It also comprises of The Other products segment and Related Services.The company offers identity and access, advanced threat, and unified threat management solutions. At https://en.wikipedia.org/wiki/Foreign_exchange_market the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.51% per year. These returns cover a period from January 1, 1988 through September 12, 2022.