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
Author

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.

Andy Puzder withdraws nomination after losing Republican support
Puzder said he had employed - and belatedly paid taxes on - a housekeeper not authorized to work in the United States. If confirmed by the Senate, Acosta would be the first Hispanic to serve on Trump's Cabinet.

High WPI inflation works against further rate cuts
However, fuel group inflation accelerated 18.14% in January from 8.65% a month ago, due to rising petrol and diesel prices. Headline consumer prices rose by 0.6% over the month, according to the Bureau of Labor Statistics .

Trade Grades: Serge Ibaka Deal Adds Raptors To East Arms Race
The Raptors have the Clippers' first-round pick in addition to their own and will send the higher of the two picks to the Magic. The Magic made the move in part to try to get something back for Ibaka before risking losing him on the open market this summer.

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.


More news


  • 1st fatality of the flu season hits Sussex

    1st fatality of the flu season hits Sussex

    In a typical flu season, flu complications - including pneumonia - send more than 200,000 Americans to the hospital. Flu activity is widespread in most of the country and Idaho is no exception, seeing an uptick in influenza deaths.
    N.Korea Fires Missile as Trump Meets Abe

    N.Korea Fires Missile as Trump Meets Abe

    The test on Saturday night, United States time , was reported by North Korea and then later confirmed by Pentagon officials. The launch was seen as a test of the response from Mr Trump, who pledged "100%" support to USA regional ally Japan.
    The Senate, The Warren Rebuke & Rule 19

    The Senate, The Warren Rebuke & Rule 19

    Warren was rebuked at a confirmation hearing for President Donald Trumps attorney general nominee, Alabama Sen. And Warren was reading from a letter that was written 10 years before Sessions was even elected to the Senate.
  • PM welcomes election of Steinmeier as new German president

    Opposition parties, The Greens and the Free Democratic Party (FDP), also backed Steinmeier as the country's next president. Over two terms and seven years as foreign minister Mr Steinmeier was a key diplomat in talks on Iran, Ukraine and Syria.

    Toyota Sequoia and Tundra TRD Sport, RAV4 Adventure Join Lineup for 2018

    Toyota said the 2018 RAV4 Adventure, Tacoma TRD Sport and Sequoia TRD Sport are expected to arrive at dealers in September. Additional colors include: Super White, Magnetic Gray Metallic, Silver Sky Metallic, Blizzard Pearl, and Sizzling Crimson.

    Saint Louis Hoops Bus Driver Who Went AWOL Charged With DWI

    Bonaventure 70-55 on the Bonnies home court in Olean, New York, the team found themselves stranded at the arena with no way home. Another bus took the Billikens to Randolph so the team could retrieve their possessions from the first bus.
  • Russia Deploys Cruise Missile, Violating Arms-Control Treaty

    Russia Deploys Cruise Missile, Violating Arms-Control Treaty

    John McCain, the Senate Armed Services Committee chairman, called on the Trump administration to ensure US nuclear forces in Europe are ready.

    CAS sanctions Russian athlete Savinova for 4 years for doping

    The IAAF said it would no comment on the case as Savinova still has 45 days to decide whether to make an appeal. Russian athlete Mariya Savinova has received a four-year ban for doping.
    Democrat Chris Kennedy Announces Bid For Illinois Governor

    Democrat Chris Kennedy Announces Bid For Illinois Governor

    Kennedy is the eighth of 11 children of Ethel and Robert Kennedy and the nephew of former President John F. He has yet to hold elected office, but he's flirted with the idea of running for governor and U.S.
  • Here's Why Verizon Is Bringing Back The Unlimited Plan

    Here's Why Verizon Is Bringing Back The Unlimited Plan

    The company says it doesn't expect that to happen very often, but needs to be able to do that to manage network resources. And, after the included 10GB of high-speed data, customers still get unlimited 3G data through the end of the month.
    Mark Cuban 'not smart enough to run for president — Trump Twitter tantrum

    Mark Cuban 'not smart enough to run for president — Trump Twitter tantrum

    The New York Post recently claimed that Mark Cuban is on the list of people Trump "fears" will run against him in 2020. Once you got past [Ted] Cruz I really hoped you would dig into the issues. "It's a tough situation for CEOs".
    National Football League  indicates Texas 'bathroom bill' may affect Super Bowl hosting

    National Football League indicates Texas 'bathroom bill' may affect Super Bowl hosting

    Among the events pulled were first- and second-round men's NCAA tournament basketball games in Greensboro. North Carolina has yet to repeal the bill despite massive opposition within the state.