Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Cisco Systems (CSCO) Stock Price

News headlines about Cisco Systems (NASDAQ:CSCO) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cisco Systems earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the network equipment provider an impact score of 46.6329892541119 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

Shares of Cisco Systems (NASDAQ:CSCO) traded up $0.10 during trading hours on Thursday, reaching $41.30. The company had a trading volume of 19,609,869 shares, compared to its average volume of 20,040,000. Cisco Systems has a 1 year low of $29.92 and a 1 year high of $41.48. The company has a market capitalization of $204,170.00, a PE ratio of 21.40, a price-to-earnings-growth ratio of 3.67 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. equities analysts predict that Cisco Systems will post 2.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.81%. Cisco Systems’s payout ratio is 60.10%.

A number of brokerages have issued reports on CSCO. Zacks Investment Research cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday. Barclays lifted their price target on Cisco Systems from $37.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $44.00 price target on shares of Cisco Systems in a report on Wednesday, January 10th. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price target for the company from $38.99 to $46.00 in a report on Friday, January 5th. They noted that the move was a valuation call. Finally, BidaskClub raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $38.47.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the transaction, the insider now owns 712,736 shares in the company, valued at $26,014,864. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Prat Bhatt sold 2,606 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the completion of the transaction, the chief accounting officer now owns 89,184 shares in the company, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is owned by corporate insiders.

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About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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