Cisco Raises Dividend on Better than Expected Q2 Earnings

Cisco Systems is one of the largest networking hardware and software companies in the world
Image source Cisco

17 February, 2017

Cisco Systems, Inc. (NASDAQ:CSCO) rose 1.06% or 0.34 points on Tuesday and made its way into the gainers of the day. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the company's stock. 2 stock experts have also suggested a buy rating.

The stock's higher opening tick of $33.26 has so far turned out to be a penny from the session low of $33.25. Chief Executive Chuck Robbins (pictured) said in comments during the earnings conference call that he's confident in the company's strategy, but Cisco's shares, which had risen about 1.6 percent in regular trading, to $32.82 a share, initially fell a little under 1 percent in trading after the market close.

There are no ratings changes today, but some price target increases here and there. Current price places the company's stock -6.05% away from its 200-day simple moving average, -5.34%, away from the 50-day average and also -2.99% away from 20-day average. The firm has a market cap of $164.75 billion, a PE ratio of 15.70 and a beta of 1.36. (NASDAQ:CSCO) have seen a consistent move higher lately.

The San Jose, CA-based networking giant reported Q2 EPS of $0.57, which was $0.01 better than the Wall Street consensus estimate of $0.56.

Total deferred revenue jumped 12.5% year over year to $17.1 billion, reflecting Cisco's ongoing shift toward subscription software. Stock analysts expect it to report per-share earnings of $0.61 in that period. The analysts offering Earnings Estimates for the company were believing that Cisco Systems, Inc.

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Nonetheless, and in the immediate aftermath of reporting, investor reaction in Cisco Systems, Inc. (NASDAQ:CSCO)'s stock to Positive with no specific Price Target. If you are reading this report on another publication, it was copied illegally and republished in violation of USA & worldwide copyright law.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Cisco Systems, Inc.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.58 per share according to consensus of 29 analysts. Despite the fact that its cash flows are declining due to lower earnings, the dividend payments look complete safe, supported by its strong free cash flows. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. This is a boost from Cisco Systems's previous quarterly dividend of $0.26. Cisco Systems's dividend payout ratio is presently 49.52%. The number of shares now owned by investors are 752.99 mln. Following the sale, the senior vice president now owns 183,275 shares of the company's stock, valued at $5,573,392.75.

While looking at the Stock's Performance, Cisco Systems, Inc. now shows a Weekly Performance of 4.96%, where Monthly Performance is 9.44%, Quarterly performance is 5.52%, 6 Months performance is 7.25% and yearly performance percentage is 28.45%. FMR LLC now owns 104,252,187 shares of the network equipment provider's stock worth $3,150,500,000 after buying an additional 1,462,365 shares during the period. LLP increased its position in shares of Cisco Systems by 3.0% in the fourth quarter.

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